OKC 3.27X Apartment Opportunity

Asset type: Apartment · Location: Oklahoma City, Oklahoma

The Oklahoma City Play: Why This 26-Unit Deal Targets a 3.27x Return You've found your next Investment! We have received a lot of interest and have a couple commitments remaining. For more details, please refer to our webinar: Video Link Ayva Midtown Phase II - Development of a new 26-unit apartment community to meet growing local housing demand in the medical corridor of downtown Oklahoma City, Oklahoma. The Project is conveniently located directly north of St. Anthony's Hospital, a 500-bed major medical facility and employer, and adjacent to an approximately 83,926-square-foot medical office building. The Project is an extension of the Ayva Midtown apartments, which GoodLife Housing Partners successfully developed and constructed in July 2024. This is the sequel to Ayva Midtown Phase I, which we developed successfully. Ayva Midtown Phase 1 is currently 100% leased and achieving targeted rents. The Project also benefits from its synergistic location directly across the street from the Lift, a popular existing 329-unit luxury apartment community. An affiliate of the Sponsor will contribute the land to a newly formed Opportunity Zone fund to develop the Project. Here's why this deal is compelling: The tax benefits are massive. If you're sitting on capital gains, you can defer taxes until December 31, 2026 and eliminate future capital gains entirely if you hold for 10 years. No depreciation recapture either. These are benefits you can't get with a 1031 exchange or traditional real estate investments. The city is literally paying us to build this. $660K in TIF benefits over 10 years significantly de-risks the construction timeline and strengthens the project's financial viability. Oklahoma City wants this project to succeed. We've already done this successfully. Phase I is 100% leased and hitting our target rents right now. We're building Phase II on land we already own, right next door. We know the market, we know the construction costs, and we know what works. This isn't our first rodeo in this location. The returns are strong without needing perfect execution. 29.4% LP IRR and 3.27x equity multiple with over 70% bank financing. We underwrote this conservatively based on real data from Phase I. The timeline is clear. Construction starts April 2026. We're not waiting on approvals or hoping the market cooperates. The financing is secured, the city support is locked, and we're moving forward.