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BOULDER, CO-Boulder-based Income Property Specialists has paid $2.45 million for the Havenwood Apartments, formerly known as Westpark Village at 10735 N. Western St. in Oklahoma City. The city is undergoing a major revitalization, and with projects being built throughout the city and major corporations considering expanding or relocating there, IPS sees opportunity for growth in the stable market, says Jack Gindi, president and CEO of IPS.

The business climate, work force quality, operating costs, incentive programs and the ease of working with local political and economic development officials were all points in investing in Oklahoma City, he adds.

IPS is a full service commercial real estate firm specializing in the acquisition, management, and sale of multi-family, office, retail and other income-producing properties.

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