TULSA PORTFOLIOTulsa, OK | 134 Unit Class C | September 2019

Raymond Lord | TulsaSr. Managing Director

P. 918 201 2005

M. 918 850 1779

SVN OAK Realty Advisors

4812 East 81st Street, Suite 301

Shreveport, OK 74137

Presented by:

Louisiana Arkansas Kansas

Casey Litsey | TulsaAssociate Broker

P. 918 201 2005

M. 918 857 5961

Benjamin Davis | TulsaManaging Director

P. 918 201 2005

M. 918 740 6288

Tulsa Portfolio

DISCLAIMER/CONFIDENTIALITY STATEMENT

The material contained in the offering memorandum is confidential, furnished solely for the purpose of considering

the acquisition of the property described herein, and is not to be used for any other purpose or made available to any

other person without the express written consent of SVN Oak Realty Advisors. The information contained herein has

been obtained from sources that we deem to be reliable, and we have no reason to doubt its accuracy. However, neither

the seller, broker or any related entity make any warranty or representation, expressed or implied, as the accuracy or

completeness of the information contained herein, included but not limited to, financial information and projections,

and any engineering and environmental information. Prospective purchasers should make their own investigations,

projections and conclusions. It is expected that prospective purchasers will conduct their own independent due

diligence concerning the property, including such engineering inspections as they deem necessary to determine the

condition of the property and the existence or absence of any potential hazardous materials used in the construction or

maintenance of the buildings or located at the land site, included but not limited to, lead-based products (for compliance

with “target housing” regulation for multifamily housing constructed prior to 1978), asbestos, etc. Broker represents seller

in this transaction and makes no representations, expressed or implied, as to the foregoing matters.

SVN OAK REALTYADVISORS4812 E. 81stStreet Suite 301

Tulsa, OK 74137

OAK REALTY ADVISORS

Raymond Lord | Senior Managing Director918.850.1779rlord@svn.com

Benjamin Davis | Managing Director918.740.6288bdavis@svn.com

Casey Litsey | Associate Broker918.857.5961clitsey@svn.com

bdavis@svn.com

OFFERING PROCEDUREOffers should be submitted in the form of a non-biding Letter of Intent dictating specific terms, including (1) purchase price (2) amount of earnest money (3) length of due diligence and (4) financing timeframe.

Additionally, all offers must be accompanied with the purchasers’ qualifications to close the transaction.

PROPERTY DESCRIPTION

The Opportunity

Investment Summary & Highlights

Property Details

Amenities

INVESTMENT SUMMARY

Investment Rationale

Unit Mix

Floorplans

MAPS

Area Map

Vicinity Map

COMPARABLES

Rent Comparable Survey

Rent Comparable Ranking

Sales Comparable

DEMOGRAPHIC & MARKET SUMMARY

Business Summary

Demographics & Market Highlights

APPENDIX

Current Profit and Loss Statement

Current Rent Roll

10 Year After Tax Analysis

Tulsa Portfolio

TABLE OF CONTENTS

P R O P E R T Y D E T A I L S

PROPERTY DETAILS

P R O P E R T Y D E T A I L S

PROPERTY SUMMARY

SVN OAK Realty Advisors is pleased to announce the exclusive listing of the

Delaware Gardens, Melrose, 12 units and Silverwood Apartments in Tulsa, Oklahoma.

This Class C 134-unit apartment communities is centrally well located in Tulsa,

Oklahoma and features one & two bed units. The community is well maintained and

has had significant upgrades to the interiors and exteriors. In review of the low rental

rates in place and upside potential through strong management, This portfolio offers

investors the potential to improve rents through unit upgrades and enhancements.

Onsite there is a laundry facility, as well as ample low-density community.

This four-property portfolio is a terrific value add opportunity for a Buyer looking for

tremendous upside investment opportunity in a good submarket of Tulsa, OK and

capitalize on the increasing rents, strong market fundamentals and great upside

potential.

PRICE$7,300,000

$54,477/unit

TERMSALL CASH

# OF UNITS134

1+1 , 2+1

NET RENTABLE SF97,568

YEAR BUILT1968-1990Renovated2015-2019

OCCUPANCY95%

Market Occ.93%

Tulsa Portfolio

P R O P E R T Y D E T A I L S

Year Built 1990

Number of Units 30

Property Type Multifamily Garden

Net Rentable Square Feet 15,644

Buildings 3

Stories 2

Site Size (Acres) 0.64

Density (Units Per Acre) 0.21

Occupancy / Market 98% / 93%

Electric Tenant

Water and Sewer Tenant

Natural Gas None

Trash Removal Tenant

PROPERTY DETAILS

UTILITIES

Delaware Gardens Apartments

5104 S Delaware Place

Tulsa, OK 74105

PROPERTY SUMMARY

FINANCIAL SUMMARY

Price $1,650,000

Per Unit $55,000

Price Per SF $105.47

Proposed Loan $1,237,000.00

Interest Rate 5.00%

Term 30 Years

Equity $100,000.00

Proforma CAP Rate 10.95%

P R O P E R T Y D E T A I L S

Year Built 1968

Number of Units 52

Property Type Multifamily Garden

Net Rentable Square Feet 43,400

Buildings 3 Buildings

Stories 2

Site Size (Acres) 1.95

Density (Units Per Acre) 0.03

Occupancy / Market 100% / 94%

Electric Tenant

Water and Sewer Tenant

Natural Gas None

Trash Removal Tenant

PROPERTY DETAILS

UTILITIES

Melrose Apartments6321 E 9th Street

Tulsa, OK 74112

PROPERTY SUMMARY

FINANCIAL SUMMARY

Price $3,050,000

Per Unit $58,653

Price Per SF $70.27

Proposed Loan $2,287,500

Interest Rate 5.00%

Term 30 Years

Equity $500,000.00

Proforma CAP Rate 10.75%

P R O P E R T Y D E T A I L S

Year Built 1973

Number of Units 40

Property Type Multifamily Garden

Net Rentable Square Feet 29,064

Buildings 2 Buildings

Stories 2

Site Size (Acres) 0.95

Density (Units Per Acre) 0.02

Occupancy / Market 50% / 92%

Electric Tenant

Water and Sewer Tenant

Natural Gas None

Trash Removal Tenant

PROPERTY DETAILS

UTILITIES

Silverwood Apartments2507 S 87th Ave E

Tulsa, OK 74129

PROPERTY SUMMARY

FINANCIAL SUMMARY

Price $2,000,000

Per Unit $50,000.00

Price Per SF $68.81

Proposed Loan $1,500,000

Interest Rate 5.00%

Term 30 Years

Equity $20,000.00

Proforma CAP Rate 10.75%

P R O P E R T Y D E T A I L S

Year Built 1970

Number of Units 12

Property Type Multifamily Garden

Net Rentable Square Feet 9,460

Buildings 3 Buildings

Stories 2

Site Size (Acres) 0.53

Density (Units Per Acre) 0.04

Occupancy / Market 100% / 95%

Electric Tenant

Water and Sewer Tenant

Natural Gas None

Trash Removal Tenant

PROPERTY DETAILS

UTILITIES

12 unit2618-2626 South 85th East Avenue

Tulsa, OK 74129

PROPERTY SUMMARY

FINANCIAL SUMMARY

Price $600,000.00

Per Unit $50,000

Price Per SF $63.42

Proposed Loan $450,000.00

Interest Rate 5.00%

Term 30 Years

Equity 20,000.00

Proforma CAP Rate 10.75%

P R O P E R T Y D E T A I L S

UNIT FEATURES

Walk in Closets

Full Service Kitchens

Central Heat/Air

Ceiling Fans

Cosmetic Upgrade Potential

COMMUNITYAMENITIES

Laundry Center

24/7 Onsite Maintenance

UNIT FEATURES & COMMUNITY AMENITIES

P R O P E R T Y D E T A I L S

INVESTMENT SUMMARY

P R O P E R T Y D E T A I L S

FINANCIAL SUMMARY

Melrose ApartmentsActuals August 2018- July 2019

P R O P E R T Y D E T A I L S

FINANCIAL SUMMARY

Delaware Gardens ApartmentsActuals August 2018- July 2019

P R O P E R T Y D E T A I L S

FINANCIAL SUMMARY

12 units ApartmentsActuals August 2018- July 2019

P R O P E R T Y D E T A I L S

P R O P E R T Y D E T A I L S

AREA MAPS

Melrose

Delaware Gardens

12 unitsSilverwood

19

Location Overview

L O C A T I O N O V E R V I E W

P R O P E R T Y D E T A I L S

AREA OVERVIEW MAP

P R O P E R T Y D E T A I L S

AREA OVERVIEW MAP

LOCATION HIGHLIGHTSDEMOGRAPHICS AND MARKET HIGHLIGHTS

L O C A T I O N O V E R V I E W

COMPARABLES

C O M P A R A B L E S

COMPARABLE RENTAL SUBJECT PROPERTY

C O M P A R A B L E S

COMPARABLE RENTAL SUBJECT PROPERTY

C O M P A R A B L E S

COMPARABLE RENTAL SUBJECT PROPERTY

C O M P A R A B L E S

COMPARABLE RENTAL SUBJECT PROPERTY

C O M P A R A B L E S

COMPARABLE RENTAL SUBJECT PROPERTY

C O M P A R A B L E S

COMPARABLE RENTAL SUMARY

C O M P A R A B L E S

COMPARABLE RENTAL PROPERTIES

C O M P A R A B L E S

C O M P A R A B L E S

COMPARABLE RENTAL RATE TRENDS

C O M P A R A B L E S

COMPARABLE RENTAL RATE TRENDS

C O M P A R A B L E S

COMPARABLE RENTAL RATE TRENDS

C O M P A R A B L E S

COMPARABLE RENTAL RATE TRENDS

Sales Comparable

C O M P A R A B L E S

C O M P A R A B L E S

SALES COMPARABLES

1

C O M P A R A B L E S

SALES COMPARABLES PROPERTIES MAP

C O M P A R A B L E S

SALES COMPARABLES PROPERTIES MAP

C O M P A R A B L E S

SALES COMPARABLES PROPERTIES MAP

C O M P A R A B L E S

SALES COMPARABLES PROPERTIES MAP

C O M P A R A B L E S

SALES COMPARABLES PROPERTIES MAP

42

Marketing Overview

M A R K E T I N G P L A N

MARKETING OVERVIEW

M A R K E T I N G P L A N

MULTICHANNEL MARKETING

• Professionally Developed Offering Memorandum & Mailers

• Property Aerial Video

• SVN | Live™ Open Sales Call

• BuildOut syndication channels

• Advisor property email blasts

• Hard Copies Delivered to Every Owner in Tri-State Area

MARKETING OVERVIEW

M A R K E T I N G P L A N

OFFERING

MEMORANDUMS FLYERS &

POSTCARDS

MARKETING OVERVIEW

M A R K E T I N G P L A N

DATABASE-DRIVEN

EBLASTS

ROBUST WEBSITE

PROPERTY OVERVIEW

THE SVN® DIFFERENCE

The SVN® brand was founded in 1987 out of a desire to improve the commercial real estate industry for all stakeholders through cooperation and organized competition. SVN is now a globally recognized commercial real estate brand united by a shared vision of creating value with clients, colleagues and our communities. When you choose SVN you mobilize the entire SVN organization of experts and all our trusted relationships to act on your behalf. This Shared NetworkSM is the SVN Difference.

MARKETING OVERVIEW

M A R K E T I N G P L A N

SVN® ONLINE MARKETING PLATFORM

With one click, properties are blasted to an extensive listof internet marketing partners, including:

47

ADVISORS

B I O S

MARKETING TEAM

SVN® ADVISOR BIOS

RAYMOND LORD | Tulsa

Raymond is a Principal and Senior Managing Directorat SVN OAK Realty Advisors. He has over 30 years ofexperience in commercial real estate and isrecognized as an industry leader in multifamilytransactions. Since 1987 Raymond has had theopportunity to personally work with some of thelargest REITS, trusts, and private equity groups in thecountry and been involved in the sale of multi-familyproperties in excess of $25 billion dollars.

BENJAMIN DAVIS | Tulsa

Benjamin is a Principal and Managing Director at SVNOAK Realty Advisors. Since he began his career in2006, he has been involved in the sale of over $1.50billion in commercial real estate transactions and hasproven himself to consistently be one of the topmultifamily brokers in the region. Over the last 12years, Ben has worked with many of the largestapartment owners in the region including DEIAssociates, Twin Rock Partners, Fowler Properties,and Case & Associates.

CASEY LITSEY | TulsaCasey Litsey is a Commercial Real Estate Advisor for SVN Realty in Tulsa, OK., which focuses on the customer experience. A lifetime resident of Tulsa, Casey not only knows the community, but he's also glad to share his knowledge. As a graduate of Victory Christian School, Casey jumped right into his career in real estate at 18 years old, working. Since then mentorship from Oklahoma's top brokers.Casey focuses his core values of community, family, and achievement into every detail of your real estate transaction.