Pinehurst Apartments, located at 12301 N. MacArthur Blvd. in Oklahoma City, was purchased by RealSource Equity Services, LLC. RealSource plans to complete exterior improvements immediately.
“We designed a custom marketing plan for the seller,” said Colliers’ Managing Director Gary Gregory. “Our research team reviewed market data and recognized Pinehurst’s occupancy and rents were lagging the market. We then made recommendations to the owner for property improvements that would help boost occupancy and revenue.”
“The seller did a terrific job of managing the property through the process and occupancy rose to as high as 98% during the marketing period,” Gregory said. “Interest in Pinehurst was very broad, with multiple offers presented.”
“The upside potential in this property is incredible,”
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