ONYX at 37th is a 13-unit, garden-style, two-story brick apartment complex located in Midtown Tulsa. Sourced through a local broker relationship, the property presented a compelling value-add opportunity in one of Tulsa’s established urban neighborhoods. The acquisition was financed through a combination of seller-carried debt and initial financing from a local bank, creating a flexible capital structure for the project. With a renovation budget of $533,000, the property underwent improvements designed to enhance resident experience, strengthen operations, and increase long-term value. At acquisition, ONYX at 37th was valued at approximately $78,000 per unit, and following renovation and stabilization, the property reached an estimated value of $140,000 per unit. Today, the asset is stabilized and performing, reflecting the company’s ability to source, finance, renovate, and operate multifamily properties with meaningful upside.
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