OKLAHOMA
Autumn Ridge Apartments, Tulsa
Site Features
- 182 units in nine two-story buildings
- Unit types: Studio, 1-, 2-, and 3-bedroom
- Setting: Lush, garden-style environment
- Amenities: On-site management, splash pads, playground, 2 laundry facilities
Location
- Southeast Tulsa
- 15 minutes from downtown Tulsa
- 11 minutes from University of Tulsa
- 10 minutes from Tulsa International Airport
Purchase Price
- $7M / $38.5K per unit
Renovation Cost
- ~$2M / $11K per unit
Value at Sale
- ~$14,500,000 / $80K per unit (projected)
Gross Levered LP IRR
- ~27% – 31% per year (projected)
Investment Timeline
- Under 36 months (projected)
Services Provided
- Leasing, Marketing & Tenant Relations via 18 North Asset Management
- Renovations & Project Management via 18 North Development Corp.
- End-to-end investment oversight & reporting via 18 North General Partner
Project Status
Acquisition closed in October, 2024. All major infrastructure and common area improvements have been completed as were majority of unit upgrades. By the end of Q3, 2025 occupancy exceeded 90%.
Before
After
OKLAHOMA
Reserve on 29th, Oklahoma City
Site Features
19 two-story townhomes with 3 bedrooms, 2 ½ bathrooms, a single-car garage, and ~1,450 sq. ft. of living space.
59 fully serviced turnkey development lots for additional townhomes of similar specifications.
Location
- Mustang, Oklahoma
- 13 miles southwest of downtown Oklahoma City
- 13 miles northwest of Will Rogers World Airport
- Mustang boasts some of the best schools in the state
- Population has grown by more than 20% between 2020 and 2024.
Purchase Price
- $5M
Construction Cost
- ~10M
Value at Sale
- ~$20.5M (projected)
Gross Levered LP IRR
- ~26% – 30% per year (projected)
Investment Timeline
- 28 – 30 months (est)
Services Provided
- Development via 18 North Development Corp.
- Leasing, Marketing & Tenant Relations via 18 North Asset Management
- End-to-end investment oversight & reporting via 18 North General Partner
Project Status
Acquisition closed in February, 2025. All existing units are leased, most new units have been delivered and construction is nearing completion.
Planned
Completed
