Edmond, Okla. — WFI has acquired Bryant Place, a 432-bed student housing community located near the University of Central Oklahoma campus in Edmond. Built in 2008, the property offers four-bedroom units with bed-to-bath parity. Shared amenities include a 24-hour computer lab, resort-style swimming pool and fully-equipped fitness center. Blue Vista Capital Management sold the property for an undisclosed price. Dorothy Jackman and Jamie Swick of Colliers International represented both the buyer and seller in the transaction.
Oklahoma
Stillwater, Okla. — Capstone Real Estate Investments (CREI) has acquired Stillwater Flats, a community serving students attending Oklahoma State University in Stillwater. Completed in 2009, the property is located three blocks from the university’s Boone Pickens Stadium and offers a mix of one-, two- and four-bedroom fully furnished units. Shared amenities include a private parking garage, swimming pool and sundeck. The new ownership plans to convert the units into condominiums, which will be available for purchase in the coming weeks through a partnership with Keller Williams Realty Local. The seller …
Marcus & Millichap Arranges Acquisition Loan for 475-Bed Community Near Oklahoma State
Stillwater, Okla. — Marcus & Millichap has arranged a bridge loan for the recapitalization and acquisition of One on 4th, a 475-bed student housing community located one block from the Oklahoma State University campus in Stillwater. The property offers fully furnished studio, one-, two- and four-bedroom units with bed-to-bath parity. Shared amenities include a fitness center, resort-style swimming pool, clubhouse, two private courtyards, a picnic area and business center. Todd McNeill and Jacob Rich of Marcus & Millichap secured the 36-month, non-recourse, interest-only financing on behalf of an undisclosed client. …