The Elms by ONYX is a 78-unit, garden-style, two-story brick apartment community located in Midtown Tulsa. Sourced through a local broker relationship, the property represented a larger-scale value-add opportunity in a strong infill location. The acquisition was financed through a syndication structure for equity, along with initial financing from a local bank that also facilitated the renovation loan. Purchased in Q4 2023, the property underwent a $1,650,000 renovation aimed at improving the resident experience, strengthening operations, and increasing long-term asset value. At acquisition, The Elms by ONYX was valued at approximately $65,000 per unit, with stabilization achieved in Q3 2025. Today, the asset is stabilized and performing, demonstrating the company’s ability to source, capitalize, renovate, and operate larger multifamily investments with long-term upside.