VALUE ADD REPOSITIONING
Autumn Ridge Apartments, Tulsa
Site Features
- 182 units in nine two-story buildings
- Unit types: Studio, 1-, 2-, and 3-bedroom
- Characteristics: Lush, garden-style, family-friendly
- 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
Projected Value at Sale*
- ~$14.5M / ~$79.7K per unit
Projected Gross Levered LP IRR*
- ~26% – 30% per year
Investment Timeline*
- Under 36 months (Est.)
Project Status
Acquired in October 2024. Capital improvement program has been completed, including infrastructure, common area, and unit upgrades. The property has achieved stabilized operations.
Services Provided
- Leasing, Marketing and Tenant Relation via 18 North Asset Management
- Renovations and Project Management via 18 North Development
- Investment structuring, oversight & reporting via 18 North General Partner
Sterling-Briarwood Portfolio, Tulsa
Site Features
- 211 residential units across 2 properties
- Mix of 1, 2 and 3 bedroom apartments with average size of ~900 sq. ft.
- Setting: lush garden-style, amenitised, centrally located and family friendly
Location
- Tulsa, Oklahoma
- ~6 miles east of downtown Tulsa
- ~4.5 miles south of Tulsa International Airport
- Walking distance to local schools, restaurants and retail
Purchase Price
- $11M / $52K per unit
Renovation Cost
- ~$2M / ~$9.5K per unit
Projected Value at Sale*
- ~$17.3M / ~$82K
Projected Gross Levered LP IRR*
- ~25% – 29% per year
Investment Timeline*
- Under 36 months (Est.)
Services Provided
- Leasing, Marketing and Tenant Relation via 18 North Asset Management
- Renovations and Project Management via 18 North Development
- Investment structuring, oversight & reporting via 18 North General Partner
Project Status
Acquired in November 2025. Major infrastructure, common area, and unit improvements are ongoing.
DEVELOPMENT & CONSTRUCTION
Reserve on 29th, Oklahoma City
Site Features
-
19 two-story townhomes with 3 bedrooms, 2 ½ bathrooms, a single-car garage, and ~1,500 sq. ft. of living space.
-
59 fully serviced turnkey development lots for additional townhomes of similar specifications.
Characteristics: suburban, modern luxury, family-sized
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
- Mustang population has grown by more than 20% between 2020 and 2024.
Purchase Price
- $5M
Construction Cost
- ~$10M
Projected Value at Sale*
- ~$22M
Projected Gross Levered LP IRR*
- ~25% – 30% per year
Investment Timeline*
- ~28 – 30 months (Est.)
Services Provided
- Development and Project Management via 18 North Development
- Construction via Vertex Construction
- Leasing, Marketing and Tenant Relation via 18 North Asset Management
- Investment structuring, oversight & reporting via 18 North General Partner
Project Status
The Reserve on 151st, Bixby
Site Features
96 residential units and 6 retail units
Mix of townhouses and apartments with average size of ~1,000 sq. ft.
Setting: urban, walkable, modern luxury
Location
- Bixby, Oklahoma
- ~15 miles south of downtown Tulsa & Tulsa International Airport
- ~0.2 miles from Bixby’s River District and Bentley Park
- ~0.4 miles from Bixby High School (#1 football program in the US)
Purchase Price
- $1M (land)
Construction Cost
- ~$16M
Projected Value at Sale*
- ~$23M
Projected Gross Levered LP IRR*
- ~25% – 29% per year
Investment Timeline*
- ~32 – 36 months (Est.)
Services Provided
- Development and Project Management via 18 North Development
- Construction via Vertex Construction
- Leasing, Marketing and Tenant Relation via 18 North Asset Management
- Investment structuring, oversight & reporting via 18 North General Partner.
Project Status
* Reflects original underwriting assumptions at acquisition; actual outcomes may vary based on execution, timing, and market conditions.
The information presented herein is provided for informational purposes only and is intended to illustrate past and current projects undertaken by 18 North and its affiliates. Nothing on this page constitutes an offer to sell or a solicitation of an offer to buy any security or investment. Any investment opportunities, if and when offered, will be made solely through formal offering documents and in accordance with applicable laws.