165 Units Closed
in Norman, OK
DRG, through a DRGinvest affiliate, closed two apartment complexes, Broadmoor 24 and Plaza 24, totaling 165 units in Norman, Oklahoma.
Broadmoor 24
- Acquisition price of $3,012,750
- 65 units located in a beautiful suburban neighborhood
- Attractive unit mix with unit sizes larger than the competition
- Community amenities include a swimming pool, washer/dryer connections, pet-friendly, and more
Plaza 24
- Acquisition price of $4,635,000
- 100 units located in a beautiful suburban neighborhood
- Attractive unit mix with unit sizes larger than the competition
- Community amenities include a blacktop parking lot, on-site laundry, on-site security, and more
This portfolio marks DRG’s sixth deal in Oklahoma and was acquired well below market value.