Tulsa 5 is a 5 multifamily property portfolio offering the opportunity to share majority ownership of 5 income producing properties in the impressive Midtown submarket of Tulsa Oklahoma. This is a 506C offering open to accredited investors.
Tulsa has all the traits we look for when targeting a market for multifamily investments. These indicators include strong government leadership and economic drivers. Tulsa is the second largest city in Oklahoma and is rated number 3 in the top 10 metropolitan areas for 2023 by FreddieMac. It is also known for being the best city for startups. According to bestplaces.net, Tulsa's economy is thriving with unemployment currently at 4.70% vs the US average of 6% with positive job growth increasing by 2.7% over the last year. Tulsa also happens to be one of the most affordable cities to live in the US. These statistics combined make Tulsa an ideal location for multifamily investments.
The properties are being acquired under market value with in-place rents below the current market rent. The plan is to take over the properties, and improve operations through new management and capital improvements. By bringing the properties up to market standard and capturing market rents, net operating income will increase driving the value. This plan includes upgrading exteriors (landscaping, paint, balcony repairs, lighting, gutters/fascia, concrete repairs, common areas, pet parks, mailboxes, laundry facilities and signage) along with interior upgrades (office rehab, kitchens, bathrooms, paint, flooring, doors/hardware, lighting, HVAC, washer/dryer hookup installations). This plan will be implemented over 4-5 years.
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