Tulsa Apartments LLC is an investment in a to-be-built Class-A multifamily development called Parker Village. The thirteen three-story buildings are spread among 12.8 gated acres of land in one of Tulsa, Oklahoma’s fastest growing suburbs, Owasso.
The project will consist of 262 total units, made up of 160 one-bedroom apartments (700-850 s/f) and 102 two-bedroom apartments (900-1,215 s/f). The units will have Class-A finishes with vinyl plank wood flooring throughout, granite countertops, stainless steel appliances, in-unit washer/dryers, 9-foot ceilings and large walk-in closets. The property will feature a nearly 8,500 square foot community clubhouse with a mail and secure package room, entertainment/game room, expansive gym facility with 24/7 access, resort style pool, enclosed dog park, outdoor grilling area, garage parking options, and fiber optic cable for high-speed internet.
Located just 20 minutes north of downtown Tulsa, Owasso is an upscale community featuring one of the top 10 school districts in the state as well as being rated the #1 safest city in Oklahoma. The town is growing rapidly with an average annual growth rate of 3%, which adds between 1,000-1,200 new residents per year bringing the total population to over 36,000. Due to the area’s strong demographics and location, Owasso is a magnet for national and regional retail operations with a variety of restaurants and stores in the area.
Tulsa is the second largest city in Oklahoma with a population in the metropolitan area of over 1.1 million. Efforts in economic diversification have created a base in the sectors of aerospace, finance, telecommunications, technology, and manufacturing. The area’s largest employers include Aaon, American Airlines, AT&T, Bank of Oklahoma, Spirit Aerosystems, and The University of Tulsa. Tulsa has 15 institutions of higher education, and the Tulsa metro area was rated in the Top 5 nationwide in Jobs Creation by Site Selection Magazine.
This property was purchased in July 2022.