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Steadfast Income REIT Inc. has paid $27.9 million, or $94,900/unit, for Estancia, a 294-unit apartment property in Tulsa, Okla. The Irvine, Calif., REIT, whose shares do not trade on any exchange, bought the six-year-old property from Flournoy Cos. of Columbus, ...
91 percent occupied. The purchase was funded the property's purchase with proceeds of its stock offering and a $22.54 million Freddie Mac loan provided by PNC Bank. The loan matures in June 2019 and has an interest rate of 3.31 ...
Steadfast Income REIT Inc. has paid $32.2 million, or about $95,833/unit, for the 336-unit Sonoma Grande apartment complex in Tulsa, Okla. The purchase price results in a 7.1 percent capitalization rate. The property is 91 percent occupied. The Irvine, Calif., ...
Inland Diversified Real Estate Trust Inc. has paid $32.5 million for the University Town Center, a 158,516-square-foot retail center in Norman, Okla. The Oak Brook, Ill., REIT, whose shares do not trade on any exchange, bought the property from Collett ...
Jacksonville Business JournalThe Haskell Co. has completed the development of a $100 million medical complex in Broken Arrow, Okla., about 15 miles southeast of Tulsa, Okla. The Jacksonville, Fla., company developed a 189,000-sf hospital along with a 110,000-sf medical-office building. ...
The OklahomanThe Hotel Phillips in Bartlesville, Okla., is closing this summer and will be redeveloped into a seniors-housing apartment complex. The project will see all of the downtown hotel's rooms converted into about 80 or 90 units for adults over ...
The OklahomanA ground breaking was held yesterday on a project that will bring a 57,000-square-foot office building and two hotels to suburban Tulsa, Okla. The project is going up at U.S. 75 and 121st Street S in Glenpool, Okla., and ...
Haley Associates has paid $11.5 million for the 593-unit Highlands apartment complex in Tulsa, Okla.Haley, an Omaha, Neb., value-add multifamily investor, bought the garden-style property from Freddie Mac and plans to make $10 million of renovations to the complex, which ...
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