ONYX at Quincy is a 16-unit, garden-style, two-story brick apartment complex located in Midtown Tulsa. Sourced through an investor relationship directly with the seller, the property represented a strong off-market value-add opportunity in a desirable infill location. The acquisition was financed through a private debt investor, along with initial financing from a local bank that also facilitated the renovation loan. With a renovation budget of $640,000, the property underwent improvements designed to elevate the resident experience, strengthen operations, and significantly increase asset value. At acquisition, ONYX at Quincy was valued at approximately $53,000 per unit, and following renovation and stabilization, the property reached an estimated value of $150,000 per unit. Today, the asset is stabilized and performing, reflecting the company’s ability to leverage relationships, structure creative financing, and execute renovations that create meaningful long-term value.
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