Oklahoma

Stillwater, Okla. — A joint venture between Monument Square Investment Group and affiliates of Walton Street Capital has acquired Cottage Row Stillwater, a 792-bed student housing community located near the Oklahoma State University campus in Stillwater. Developed in 2013, the property offers 231 cottage-style units and townhomes in two-, three-, four- and five-bedroom configurations. Shared amenities include a recently renovated 11,000-square-foot clubhouse with study rooms, entertainment spaces and a fitness center; resort-style pool and hot tub; grilling stations; green space; full-sized basketball and sand volleyball courts; and a putting green. The …

Norman, Okla. — Newmark Multifamily has arranged the sale of The Flats at Norman, a 612-bed student housing community located near the University of Oklahoma campus in Norman. Ryan Lang, Jack Brett, Ben Harkrider and Tim McKay represented the seller, Horizon Realty Advisors, in the transaction. Cardinal Group acquired the property for an undisclosed price. Constructed in 2005, the community underwent $3.5 million in renovations in 2017. The property offers a mix of two-, three- and four-bedroom units, which were 99 percent occupied at the time of sale. Shared amenities include …

Norman, Okla. — Marcus & Millichap has brokered the sale of Campus Lodge, a 192-unit student housing property located about two miles from the University of Oklahoma campus in Norman. Built in 2004, Campus Lodge comprises 19 buildings that house 768 beds in three- and four-bedroom layouts. Amenities include a swimming pool, sand volleyball court, basketball court, outdoor grilling and dining stations and a coffee bar. Patrick Mullowney and Joel Dumes of Marcus & Millichap represented the seller, The Collier Cos., in the transaction. The duo also procured the buyer, …

Stillwater, Okla. — The Cardinal Group has acquired Midtown Stillwater, an 823-bed student housing community located near the Oklahoma State University campus in Stillwater. Built in 2017, the property offers 221 units in one-, two- , three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include a rooftop state-of-the-art fitness center; swimming pool and sundeck with a view of campus; large study center; private meeting rooms; grilling stations; and an outdoor volleyball court. Sean Baird, Jonathan Holt, Logan Weaver, Grant Kollman and Charlie LaBarr of Colliers brokered the acquisition of …

Norman, Okla. — CBRE has arranged the sale of 2900 Apartments, a 556-bed student housing community located near the University of Oklahoma in Norman. Built in 1999, the property offers 156 units adjacent to the university’s golf course. Jaclyn Fitts, William Vonderfecht, Casey Schaefer and Matt Bukhshtaber of CBRE represented the undisclosed seller in the disposition of the property to Hamilton Point Investments. “2900 Norman is trending toward 14.6 percent year-over-year rent growth for the 2022-2023 academic year,” says Vonderfecht. ”Implementing programmatic upgrades to match the offerings at nearby competitors …

Stillwater, Okla. — XFD Real Estate Partners has acquired Stillwater Student Living, a 792-bed student housing community located near Oklahoma State University in Stillwater. The property offers cottage-style units and shared amenities including a resort-style swimming pool, 24-hour fitness center, volleyball and basketball courts, group study rooms, a computer lab and dog parks.  The new ownership plans to begin renovations at the property, which will include a complete remodel of the community’s clubhouse; the addition of a new fitness facility, study lounges, conference rooms, outdoor fitness courses, a frisbee golf …

Norman, Okla. — CBRE has arranged the sale of Aspen Heights Norman, a 684-bed cottage-style student housing community located near the University of Oklahoma in Norman. The Preiss Co. acquired the property from a joint venture between Safanad and Aspen Heights for an undisclosed price. Jaclyn Fitts, William Vonderfecht and Casey Schaefer of CBRE arranged the transaction on behalf of the seller. Built in 2015, the community offers units with bed-to-bath parity. Shared amenities include a clubhouse, fitness center, cardio and weight room, computer lab, study lounge, private study rooms, a sand …

Norman, Okla. — A joint venture between TPG Real Estate Partners (TREP) and Cardinal Group Cos. has acquired Millennium Norman, a 698-bed student housing community located near the University of Oklahoma. Jaclyn Fitts, William Vonderfecht and Casey Schaefer of CBRE brokered the transaction on behalf of the undisclosed seller. Mike Bryant and Brad Peters, also of CBRE, arranged the acquisition financing on behalf of the joint venture. The mid-rise community offers fully furnished units with bed-to-bath parity located within walking distance of the university’s campus in Norman. Communal amenities include a resort-style …