(To read more on the multifamily market, click here.)
TULSA, OK-Adding to its already extensive portfolio holdings, alocal investment company has teamed with a New York City-basedequity partner to acquire the 224-unit Lincoln Glens Apartments inSouth Tulsa. The deal rang up $6.37 million at the closingtable.
The seller is a limited partnership between Dallas-based LincolnProperty Co. and a local investor. The buyer is a partnershipbetween Capital Assets Inc., spearheaded by Royce Wright of Tulsa,and NDC Capital Partners LLC in New York City. Lincoln Glens at6732 S. Peoria pushes the local firm's owned and managed portfolioto more than 4,300 units in the Tulsa area.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
