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Oklahoma Multifamily Portfolio Sells for $132 Million

Inland Real Estate Acquisitions has purchased a portfolio of 1,325 apartments in four complexes in and around Oklahoma City for $132.1 million. At more than $99,700, the price per unit is one of the highest ever paid for a multifamily asset in the Oklahoma City market, according to the brokers on the deal. Andy Burnett and Gary Gregory, both of Sperry Van Ness in Oklahoma City, represented the seller, Oklahoma City-based Legacy Communities. Representing the Chicago-based buyer were Tim Strange of Sperry Van Ness in Oklahoma City and Terry R. Yormark II of Sperry Van Ness in Arlington ...

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