The Flats by ONYX is a 42-unit, garden-style, two-story brick apartment community located in Midtown Tulsa. Sourced off market through a local broker relationship, the property represented a compelling 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 2024, the property underwent a $1,425,000 renovation focused on improving the resident experience, strengthening operations, and increasing long-term asset value. At acquisition, The Flats by ONYX was valued at approximately $52,000 per unit, and following stabilization and recapitalization in Q4 2025, the property reached an estimated value of $117,000 per unit. Today, the asset is stabilized and performing, demonstrating the company’s ability to source off-market opportunities, execute strategic renovations, and create meaningful value across multifamily investments.