Cottages of Norman

Description

An 84 unit LIHTC property designed for seniors. It islocated in Norman, Oklahoma; anchored by the University of Oklahoma. Recently refinanced. The property is stabilized with minimal deferred maintenance, high occupancy, and attractive new fixed rate financing. The asset will generate predictable,above market returns.

City
Norman
State
Oklahoma
Aquisition date
February 2016
Number of units
84
Surface area
7434 m2
Fair value
4.65 Mio USD