Purchased for $52 Million
Adding value with unit renovations and new property management.
- The Property was developed in 2010 as a build to suit project for Schlumberger, a Global 500 company. The business plan is to benefit from the secure cashflow generated by the Schlumberger master lease through August 2025, then convert the Property to a conventional apartment community.
- The Partnership plans to undertake a unit renovation program, which is projected generate a premium above the current rents.
- Jenks has consistently ranked in the top 2 fastest growing cities in the state, driven by its excellent school system, which is rated the best school district in Oklahoma.