The Commons at Oak Tree
PASSIVE INVESTMENT OPPORTUNITY WITH THE POTENTIAL HIGH RETURNS
We have the experience to ensure your investments thrive
COMMONS ON OAK TREE APARTMENTS
Investment Highlight
Commons on Oak Tree is a 254-unit, 1994 vintage property which sits adjacent to Trident’s 3-property portfolio in Norman.
- 254 Unit Property built in 1994
- Adjacent to Trident's 3 property portfolio
- The Purchase Price of $94k/door represents a 30% discount on the OKC market.
- Market Occupancy at 95.7% (Yardi Matrix July 2022)
- The property is undergoing a transition from student to conventional housing (same proven plan as our adjacent properties)
TRIDENTMULTIFAMILY STRATEGIC BUSINESS PLAN
Complete the transition from all-bills-paid, by-the-bed, student housing to no-bills-paid, by-the-unit, conventional housing
- Deploying approximately $2.8 million in renovation costs ($11,387 / unit)
- Converting 136, 4-bedroom units into 2 and 3-bedroom units, upgrading amenities, addressing deferred maintenance (roof and parking lots) as well as rebranding the property with new signage
- Reducing payroll costs from $1,500/unit to $1,100/unit (In line with Trident's current portfolio across the street)
- Taking current rents from $1.06/sqft to $1.16/sqft (9.4% increase) inline or slightly below market
- Adding an $80/month amenity fee by combining valet trash and internet
TRIDENT’S TRACK RECORD OF SUCCESS
Trident is an experienced operator with a track record of success entering new markets, scaling operations and exceeding pro forma returns for our investor partners.
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TRIDENT TRACK RECORD OF SUCCESS
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OKLAHOMA CONTINUES TO OUTPERFORM
Trident’s mission is to provide clients with a viable alternative to conventional investment vehicles by providing them with quality turnkey investments in multifamily apartment communities.
OKC FACTS & ACCOLADES
681,054 POEPLE
C2ER, 2022
#2 CITY FOR LOWEST COST OF LIVING
C2ER, 2022
#5 CITY WHOSE UNEMPLOYMENT RATES ARE BOUNCING BACK THE MOST
WALLETHUB, 2021
#10 BEST STATE CAPITAL FOR SAFETY
WALLETHUB, 2022
#5 EMERGING CITIES AS FURTE LIFE SCIENCES HUBS
BISNOW, 2022
#23 MOST LIVEABLE CITIES IN AMERICA
SMARTASSET, 2021
NET LP RESULTS DELIVERED TO DATE
Trident Multifamily, LLC (“Trident”) is a real estate investment and asset management firm based in the Midwest with locations in Missouri, Oklahoma, and Texas.
OKC FACTS & ACCOLADES
Multifamily real estate is the vehicle of choice for recession-resilient wealth-building.
GET A OFFERING MEMORANDOM
- Investor Presentation (PDF)
- The Investment Summary
- The live presentation replay
- The FAQ Document
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