New Offering: 288-Unit Well-Maintained Asset | Affordable Feature in Place

Download Offering Materials: Almonte Apartments

Capstone Apartments Partners is pleased to present the Almonte Apartments: a 288-unit, garden-style apartment community located in Oklahoma City, OK. Almonte Apartments offers an extremely well-maintained asset that benefits from significant recent capital expenditures, and an affordable land use agreement put in place by the RTC in 1992 with a term of 40 years. Current long-term ownership has made a consistent effort to minimize deferred maintenance, thereby resulting in current occupancy above 90%. With current ownership having completed most of the heavy lifting, the property is primed for a light value-add program to further NOI growth. The property is also strategically located within Oklahoma City, which has an abundance of employment opportunities and unmatched connectivity to various interstate highways like I-44, I-240, and I-35. Almonte is well positioned for the future with multiple developments underway in the immediate submarket and more having been recently announced.

Investment Highlights
Income Growth Opportunity
Light Value-Add
Well Maintained Asset with Minimal Deferred Maintenance
Long-Term Ownership for 17 Years
Strategic Location Near Employment and Development

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