OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors 9321 South Toledo Ave, Tulsa, OK 74137 OFFERING MEMORANDUM
PROPERTY INFORMATION 3 Executive Summary Property Description Property Details Complete Highlights Additional Photos LOCATION INFORMATION 9 Regional Map Location Maps Aerial Map Site Plan FINANCIAL ANALYSIS 14 Financial Summary Income & Expenses Rent Roll Unit Mix Summary SALE COMPARABLES 20 Sale Comps Sale Comps Summary Sale Comps Map RENT COMPARABLES 27 Rent Comps Rent Comps Summary Rent Comps Map Demographics Map ADVISOR BIOS 33 Advisor Bio & Contact 1 Advisor Bio & Contact 2 SVN OAK Realty Advisors 9321 South Toledo Ave, Tulsa, OK 74137 OFFERING MEMORANDUM
FOR SALE MULTIFAMILY EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY 5137 East 47th Street 1 PROPERTY INFORMATION 1 PROPERTY INFORMATION 5137 East 47th Street OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 3 All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Executive Summary OFFERING SUMMARY Sale Price: $2,150,000 Number Of Units: 58 Cap Rate: 8.34% NOI: $179,407 Lot Size: 2.38 Acres Year Built: 1967 Building Size: 49,362 Renovated: 2016 Zoning: Market: Submarket: RS-3 Tulsa Mid-Town Price / SF: $43.56 PROPERTY OVERVIEWVIEW SVN OAK Realty Advisers is pleased to offer Old South Apartments. This 58 unit apartment community has undergone significant capital improvements over the past two years allowing an investor to take advantage of the stable occupancy and improving market performance in the area. The property is well located and has an assumable Freddie Mac Non Recourse Loan at a low interest rate fixed for an additional eight years. PROPERTY HIGHLIGHTS Excellent Investment Property Well Located Significant Capital Improvements Strong Occupancy Great Upside Potential with Unit Improvements Can Place New Debt Next to YMCA with 22 Million Renovation Desirable Midtown Locatoin OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 4
Property Description PROPERTY OVERVIEWVIEW SVN OAK Realty Advisers is pleased to offer Old South Apartments. This 58 unit apartment community has undergone significant capital improvements over the past two years allowing an investor to take advantage of the stable occupancy and improving market performance in the area. The property is well located and has an assumable Freddie Mac Non Recourse Loan at a low interest rate fixed for an additional eight years. LOCATION OVERVIEWVIEW Located in Tulsa OK which is the second largest city in Oklahoma. Old South is centrally located just South of I-44 and East of Yale. The property is less than one mile from the Lafortune Park which has two 18 hole public golf courses 34 public tennis courts eight baseball diamonds and miles of biking and jogging trails. It's also less than 1/2 mile from the New main YMCA which has undergone a significant renovation which is in excess of $14.0MM with an indoor and outdoor swimming pools, 20 basketball courts, 12 raquetball courts and four fitness rooms which is also open to the public. The property is close to shopping centers, malls and grocery stores and is about a mile from Tulsa's Oklahoma University Campus which has multiple four year degrees offered for it's students. Downtown Tulsa is five miles and Tulsa International Airport is a 10 minute drive in I-44 to US 169. Additionally the property is located to the new The Tandy Family YMCA Healthy Living Center is a YMCA for the next generation. More than 110,000 square feet dedicated to the pursuit of healthy living and community building opened in early 2017; this state-of-the-art facility is built on the grounds of the 50-year old Thornton Family YMCA, one of the anchors of midtown Tulsa. Adjacent to the property is LaFortune Park is over 270 acres tucked in midtown Tulsa. It is the only County Park within the Tulsa City limits. The park has as golf, baseball, tennis, a 5k trail, pool, playgrounds, picnic tables, shelters, fishing and a community center. Overall Old South is very centrally located. OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 5
Property Details SALE PRICE $2,150,000000 LOCATION INFORMATION Building Name Old South Apartments Street Address 5137 East 47th Street City, State, Zip County/Township Tulsa Market Tulsa Submarket Mid-Town Cross Streets 51st & Yale Side Of Street North Road Type Paved Market Type Large Nearest Highway I-44 (US 66) Nearest Airport Tulsa International Airport (TUL) PROPERTY DETAILS Property Type Property Subtype Zoning Lot Size Multifamily Low-Rise/Garden RS-3 2.38 Acres APN# 38825-93-27-10400 Submarket PARKING & TRANSPORTATIONTION Parking Price Per Month Parking Type Parking Ratio Number Of Spaces Parking Description Mid-Town Open asphalt parking lot which was replaced with a new 2" overlay in 2016. There are 86 parking BUILDING INFORMATION Building Size 49,362 SF Occupancy % 96.0 Number Of Floors 2 Average Floor Size 24,181 SF Year Built 1967 Last Renovated 2016 Gross Leasable Area 49,362 SF Construction Status Existing Framing Wood Frame UTILITIES & AMENITIES Handicap Access Number Of Elevators Number Of Escalators Central HVAC Broadband Yes 0 0 Central Boiler & Chiller System (new) Cable OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 6
Complete Highlights SALE HIGHLIGHTS Excellent Investment Property Well Located Significant Capital Improvements Strong Occupancy Great Upside Potential with Unit Improvements Can Place New Debt Next to YMCA with 14 Million Renovation Desirable Midtown Location OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 7
Additional Photos OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 8
FOR SALE MULTIFAMILY EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY 5137 East 47th Street 2 LOCATION INFORMATION 2 LOCATION INFORMATION 5137 East 47th Street OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 9 All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Regional Map Old South Apartments OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 10
Location Maps OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 11
Aerial Map Old South Apartments OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 12
Site Plan OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 13
FOR SALE MULTIFAMILY EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY 5137 East 47th Street 3 FINANCIAL ANALYSIS 3 FINANCIAL ANALYSIS 5137 East 47th Street OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 14 All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Financial Summary INVESTMENT OVERVIEWVIEW Price $2,150,000 Price per Unit $37,068 GRM 5.6 CAP Rate 8.3% Cash-on-Cash Return (yr 1) 14.08 % Total Return (yr 1) $101,441 Debt Coverage Ratio 1.76 OPERATING DATA Gross Scheduled Income $386,430 Other Income $27,193 Total Scheduled Income $413,623 Vacancy Cost $59,489 Gross Income $354,134 Operating Expenses $174,236 Net Operating Income $179,407 Pre-Tax Cash Flow $77,418 FINANCING DATA Down Payment $550,000 Loan Amount $1,600,000 Debt Service $101,989 Debt Service Monthly $8,499 Principal Reduction (yr 1) $24,023 OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 15
Income & Expenses INCOME SUMMARY PER SF Gross Potential Income $386,430 $7.83 Less Vacancy & Bad Debt -$59,490 -$1.21 Laundry Income $6,819 $0.14 Other Income $18,580 $0.38 Misc Other Income $1,795 $0.04 Gross Income $354,134 $7.17 EXPENSE SUMMARY PER SF Advertising $519 $0.01 Insurance $24,540 $0.50 Landscaping $2,180 $0.04 Legal & Professional $2,298 $0.05 License & Permits $405 $0.01 Boiler & Chiller $855 $0.02 Maintenance $100 $0.00 Maintenance Supplies $11,198 $0.23 Unit Turn / Make Ready $18,720 $0.38 Office Supplies $310 $0.01 Expense "other" $2,294 $0.05 Resident Activities $647 $0.01 Payroll $43,318 $0.88 Contractor $3,193 $0.06 Security $749 $0.02 Pool $2,326 $0.05 Utilities $39,640 $0.80 Taxes $20,944 $0.42 OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 16
Income & Expenses INCOME SUMMARY Gross Expenses $174,236 $3.53 PER SF Net t Operating Income $179,407 $3.63 OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 17
Rent Roll UNIT CURRENT MARKET UNIT UNIT UNIT SIZE LEASE LEASE LEASE RENT (PER MARKET RENT/ SECURITY CURRENT RECOVERY NUMBER BED BATH (SF) START END START SF) RENT SF DEPOSIT RENT TYPE COMMENTS 101 2 1 850 1/13/2017 12/31/2017 Current $0.80 $679 $0.80 $200 $679 102 2 1 850 7/28/2016 7/31/2017 Current $0.76 $649 $0.76 $200 $649 103 2 1 850 7/8/2016 7/31/2017 Current $0.80 $679 $0.80 $200 $679 104 2 1 850 02/24/ 2016 02/28/ 2017 Current $0.76 $649 $0.76 $200 $649 105 2 1 850 11/29/2016 10/31/2017 Current $0.76 $649 $0.76 $200 $649 106 2 1 850 01/09/ 2016 01/31/2017 Current $0.76 $649 $0.76 $200 $649 107 2 1 850 11/30/2007 11/30/2017 Current $0.74 $649 $0.76 $225 $629 108 2 1 850 08/04/ 2014 8/30/2017 Current $0.76 $649 $0.76 $200 $649 109 2 1 850 01/20/2017 01/31/2018 Current $0.80 $679 $0.80 $200 $679 110 2 1 850 05/06/ 2013 111 2 1 850 01/20/ 2015 5/31/2017 Current $0.74 $649 $0.76 $200 $629 1/31/2018 Current $0.74 $679 $0.80 $150 $629 112 2 1 850 08/12/ 2016 113 2 1 850 06/15/ 2016 02/28/ 2017 06/30/ 2017 Current $0.76 $649 $0.76 $200 $649 Current $0.76 $649 $0.76 $0 $649 114 2 1 850 05/04/ 05/31/ Current $0.76 $649 $0.76 $200 $649 OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 18
Unit Mix Summary UNIT TYPE COUNT % TOTAL SIZE (SF) RENT RENT/SF MARKET RENT MARKET RENT/SF DEPOSIT Junior 1 1 1.7 520 $500 $0.96 $550 $1.06 $250 1 + 1 14 24.1 677 $575 $0.85 $575 $0.85 $300 2 + 1 39 67.2 900 $659 $0.73 $695 $0.77 $350 2 + 1 (L) 3 5.2 936 $659 $0.70 $695 $0.74 $350 3 + 1 1 1.7 13 $897 $69.00 $925 $71.15 $400 Totals/Averages 58 100% 47,919 $37,125 $0.77 $38,715 $0.81 $19,550 OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 19
FOR SALE MULTIFAMILY EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY 5137 East 47th Street 4 SALE COMPARABLES 4 SALE COMPARABLES 5137 East 47th Street OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 20 All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Sale Comps SUBJECT PROPERTY 5137 East 47th Street Sale Price: Year Built: $2,150,000 1967 Lot Size: Building SF: Price PSF: $43.56 No. Units: 58 2.38 AC Price / Unit: $37,069 GRM: 5.56 49,362 SF Cap: 8.34% NOI: $179,407 1 2 HIGHLAND PARK AKA CHARLESTON PLACE 5555 East 47th Street Sale Price: Year Built: $4,900,000 1965 Lot Size: Building SF: Price PSF: $47.34 No. Units: 138 6.04 AC 103,500 SF Price / Unit: $35,507 CAP: 7.68% Closed: 11/17/2016 Occupancy: 93% GRM: 5.34 NOI: $376,000 CITY GARDENS 3200 South Hudson Avenue Sale Price: Year Built: $5,092,000 1970 Lot Size: Building SF: 5.5 AC Price PSF: $44.28 No. Units: 135 115,000 SF Price / Unit: $37,718 CAP: 7.64% Closed: 05/01/2016 Occupancy: 92% GRM: 4.87 NOI: $389 1 2 OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 21
Sale Comps 3 4 5 SOUTHERN HILLS VILLAS 6609 South Lewis Tulsa, OK 74136 Sale Price: Year Built: $4,000,000 1965 Lot Size: Building SF: Price PSF: $53.89 No. Units: 107 3.25 AC 74,227 SF Price / Unit: $37,383 CAP: 7.75% Closed: 03/15/2017 Occupancy: 94% GRM: 5.83 NOI: $309 WILLOWBEND WBEND APARTMENTS 3038 South 101st Tulsa, OK 74129 Sale Price: Year Built: $4,050,000 1974 Lot Size: Building SF: Price PSF: $43.03 No. Units: 132 5.06 AC 94,122 SF Price / Unit: $30,681 CAP: 7.95% Closed: 03/31/2017 Occupancy: 96% GRM: 4.95 NOI: $321 RED FOX APARTMENTS 8120 East 16th Street Tulsa, OK 74112 Sale Price: Year Built: $2,870,000 1973 Lot Size: Building SF: Price PSF: $53.41 No. Units: 84 3.08 AC 53,736 SF Price / Unit: $34,166 CAP: 8.14% Closed: 06/30/2016 Occupancy: 93% GRM: 5.34 NOI: $232,000 3 4 5 OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 22
Sale Comps 6 7 BRADFORD CREEK 3167 South 108th East Avenue Tulsa, OK 74146 Sale Price: Year Built: $5,200,100 1974 Lot Size: Building SF: 7.72 AC Price PSF: $45.63 No. Units: 136 113,968 SF Price / Unit: $38,236 CAP: 7.91% Closed: 10/07/2016 Occupancy: 91% GRM: 4.94 NOI: $411 RIDGEVIEW APARTMENTS 701 South 101st East Avenue Tulsa, OK 74128 Sale Price: Year Built: $5,495,000 1973 Lot Size: Building SF: 5.7 AC Price PSF: $41.10 No. Units: 153 Price / Unit: $35,915 CAP: 8% 133,701 SF Closed: 08/17/2016 Occupancy: 96% GRM: 5.15 NOI: $439,000 6 7 OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 23
Sale Comps Summary SUBJECT PROPERTY PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS 1 2 3 4 5 6 Old South Apartmentsts 5137 East 47th Street SALE COMPS Highland Park aka a Charleston Place 5555 East 47th Street City Gardens 3200 South Hudson Avenue Southern Hills Villas 6609 South Lewis Tulsa, OK 74136 Willowbend Apartmentsts 3038 South 101st Tulsa, OK 74129 Red Fox Apartmentsts 8120 East 16th Street Tulsa, OK 74112 Bradford Creek 3167 South 108th East Avenue Tulsa, OK 74146 $2,150,000 49,362 SF $43.56 $37,069 8.34% 5.56 58 PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS CLOSE $4,900,000 103,500 SF $47.34 $35,507 7.68% 5.34 138 11/17/2016 $5,092,000 115,000 SF $44.28 $37,718 7.64% 4.87 135 05/01/2016 $4,000,000 74,227 SF $53.89 $37,383 7.75% 5.83 107 03/15/2017 $4,050,000 94,122 SF $43.03 $30,681 7.95% 4.95 132 03/31/2017 $2,870,000 53,736 SF $53.41 $34,166 8.14% 5.34 84 06/30/2016 $5,200,100 113,968 SF $45.63 $38,236 7.91% 4.94 136 10/07/2016 OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 24
Sale Comps Summary SUBJECT PROPERTY PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS 7 Ridgeview Apartmentsts 701 South 101st East Avenue Tulsa, OK 74128 $5,495,000 133,701 SF $41.10 $35,915 8.0% 5.15 153 08/17/2016 PRICE BLDG SF PRICE/SF PRICE/UNIT Totals/Averages $4,515,300 98,322 SF $45.92 $35,713 7.87% 5.2 126.43 CAP GRM # OF UNITS CLOSE OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 25
Sale Comps Map SUBJECT PROPERTY 5137 East 47th Street 1 HIGHLAND PARK AKA CHARLESTON PLACE 5555 East 47th Street CITY GARDENS 2 3200 South Hudson Avenue SOUTHERN HILLS VILLAS 3 6609 South Lewis Tulsa, OK 74136 WILLOWBEND WBEND APARTMENTS 4 3038 South 101st Tulsa, OK 74129 RED FOX APARTMENTS 5 8120 East 16th Street BRADFORD CREEK 6 3167 South 108th East Avenue RIDGEVIEW APARTMENTS 7 701 South 101st East Avenue Tulsa, OK 74112 Tulsa, OK 74146 Tulsa, OK 74128 OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 26
FOR SALE MULTIFAMILY EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY 5137 East 47th Street 5 RENT COMPARABLES 5 RENT COMPARABLES 5137 East 47th Street OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 27 All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Rent Comps SUBJECT PROPERTY 5137 East 47th Street Year Built: 1967 Lot Size: 2.38 AC No. Units: 58 Avg. Rent/SF: $0.77 Avg. Size: 826 SF Avg. Rent: $640 1 BRIXTON SQUARE 4655 South Darlington Avenue Year Built: 1970 Bldg Size: Lot Size: 2.56 AC No. Units: 96 59,520 SF Avg. Size: 638 SF Occupancy: 95% Avg. Rent/SF: $0.76 Avg. Rent: $483 1 Common Area Amenities Laundry Facilities 2 BRIGHTON PARK 4837 South Darlington Avenue Year Built: 1974 Bldg Size: 88 SF Lot Size: 3.65 AC No. Units: 120 Avg. Size: 740 SF Occupancy: 96% Avg. Rent/SF: $0.74 Avg. Rent: $550 2 Common Area Amenities Community Room OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 28
Rent Comps 3 STRATFORD HOUSE 4111 East 51st Street Year Built: 1963 Bldg Size: Lot Size: 4.09 AC No. Units: 102 90,150 SF Avg. Size: 883 SF Occupancy: 96% Avg. Rent/SF: $0.93 Avg. Rent: $824 3 4 EXECUTIVE SERIES 3225 South Winston Year Built: 1970 Bldg Size: Lot Size: 4.23 AC No. Units: 133 87,170 SF Avg. Size: 655 SF Occupancy: 94.6% Avg. Rent/SF: $0.95 Avg. Rent: $621 4 One Laundry Facilities, 1 Swimming Pool, Rental Office, Total Parking - 128 Spaces, Parking Type - Grade Level, Private Balcony/Patio, Construction Type - Masonry, Internet Access, Partial 5 EVERGREEN APARTMENTS 8314 East 25th Place Tulsa, OK 74129 Year Built: 1970 Bldg Size: Lot Size: 7.45 AC No. Units: 253 190,327 SF Avg. Size: 752 SF Occupancy: 93.8% Avg. Rent/SF: $0.85 Avg. Rent: $637 5 Two Laundry Facilities, Playground, 2 Swimming Pools, Rental Office - Stand Alone, Total Parking - 302 Spaces, Parking Type - Grade Level, Private Balcony/Patio, Construction Type - Frame, OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 29
Rent Comps Summary SUBJECT PROPERTY RENT/SF AVAILABLE AILABLE SF BLDG SF # OF UNITS OCCUPANCY % Old South Apartmentsts 5137 East 47th Street $0.77 SF 49,362 SF 58 96.0% RENT COMPS RENT/SF AVAILABLE AILABLE SF BLDG SF # OF UNITS OCCUPANCY % 1 2 3 4 5 Brixton Square 4655 South Darlington Avenue Brighton Park 4837 South Darlington Avenue Stratford House 4111 East 51st Street Executive e Series 3225 South Winston Evergreen Apartmentsts 8314 East 25th Place Tulsa, OK 74129 $0.76 61,260 SF 59,520 SF 96 $0 $0.74 88,800 SF 88 SF 120 $0 $0.93 90,150 SF 90,150 SF 102 $0 $0.95 87,168 SF 87,170 SF 133 $0 $0.85 190,381 SF 190,327 SF 253 $0 RENT/SF AVAILABLE AILABLE SF BLDG SF # OF UNITS OCCUPANCY % Totals/Averages $0.85 103,552 SF 85,451 SF 140.8 95.08% OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 30
Rent Comps Map SUBJECT PROPERTY 5137 East 47th Street BRIXTON SQUARE 1 4655 South Darlington Avenue BRIGHTON PARK 2 4837 South Darlington Avenue STRATFORD HOUSE 3 4111 East 51st Street EXECUTIVE SERIES 4 3225 South Winston EVERGREEN APARTMENTS 5 8314 East 25th Place Tulsa, OK 74129 OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 31
Demographics Map POPULATION 1 MILE 3 MILES 5 MILES Total population 10,957 90,228 264,337 Median age 40.5 41.6 37.5 Median age (male) 37.1 39.3 35.7 Median age (Female) 41.9 43.5 39.3 HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 4,883 41,636 118,874 # of persons per HH 2.2 2.2 2.2 Average HH income $56,974 $67,580 $64,601 Average house value $157,747 $201,101 $200,655 * Demographic data derived from 2010 US Census OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 32
FOR SALE MULTIFAMILY EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY 5137 East 47th Street 6 ADVISOR BIOS 6 ADVISOR BIOS 5137 East 47th Street OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 33 All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Advisor Bio & Contact 1 RAYMOND LORD Managing Director PROFESSIONAL BACKGROUND As an apartment specialist with SVN OAK Realty Advisors, in Oklahoma, Kansas and Arkansas, Raymond s primarily focus on multi-family properties since 1987 and their dispositions for banks, private clients as well as Institutional Investors. In addition he has an extensive background in the disposition of assets for FNMA, FDIC and in the past the RTC and various institutional investors, and banking assignments throughout the Midwest and Southwest region of the U.S. His forte is financial analysis of investments and effective marketing of assets both regionally and nationally. Raymond has transacted over $2.5 billion of transactions, including investment sales, joint ventures, redevelopment and recapitalization advisory assignments. SVN OAK Realty Advisors Tulsa OK Managing Director 2016 NAI Commercial Properties Tulsa OK Principal 2000 to 2016 Commercial Real Estate Tulsa OK Investment 1997 to 2000 The Lyon Group Management CA President 1987-1997 American Village on the Lake 464 Units Tulsa OK Redfern Portfolio 1,465 Units Tulsa OK Woodlake Apartments 799 Units OKC OK One Western & Quail Ridge 150,000 SF Office OKC Brookline Office Complex 74,000 SF OKC Modern Bindery Industrial 100,000 SF Tulsa OK 9321 South Toledo Ave Tulsa, OK 74137 T 918.201.2005 C 918.850.1779 rlord@svn.com Macco Properties 1,541 units OKC OK Cobblestone 482 Units Tulsa OK Case & Associates 585 Units Phoenix American Residential 324 Units Tulsa OK Real Source 284 & 544 Tulsa / OKC Sterling American 682 Unit Tulsa OK EDUCATION Northrop School of Law, Los Angeles, CA, Juris Doctorate University of Florida, Gainesville, FL, BA Finance MEMBERSHIPS & AFFILIATIONS Multifamily Dispositions/Acquisitions ; Property Repositioning ; Court Appointed Approved Receiver Licensed Real Estate Broker, Oklahoma SVN OAK Realty Advisor's National Association of Realtors OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 34
Advisor Bio & Contact 2 BENJAMIN DAVIS Managing Director PROFESSIONAL BACKGROUND Ben is a Principal and Managing Director at SVN OAK Realty Advisors and has over 10 years of experience specializing in the marketing and sale of multifamily properties in the region. Since he began his career in 2006, he has been involved in the sale of over $400 million commercial real estate transactions and has proven himself to consistently be one of the top multifamily brokers in the region. EDUCATION Ben is a graduate of the University of Oklahoma with a Bachelors of Arts and Science. 9321 South Toledo Ave Tulsa, OK 74137 T 918.201.2005 C 918.740.6288 bdavis@svn.com OLD SOUTH APARTMENTS 5137 EAST 47TH STREET TULSA, OK 74135 SVN OAK Realty Advisors Page 35