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Capstone is pleased to present the Westminster Apartments. Westminster is located centrally in the heart of Tulsa, Oklahoma. Built in 1970, this 467-unit property offers investors an excellent opportunity to achieve strong economy of scale in a central location on a fully stabilized asset with value-add potential through bringing existing rents up to market and additional opportunity through interior upgrades. With exceptionally large units averaging 1,039 square feet and a unit mix that has 94% two- and three-bedroom units, the property is well positioned for today’s demand where residents can find spacious floor plans perfect for families, allowing for growth and long-term tenancy. With over $4 million in recent CAPEX improvements, new owners will have the benefit of improving performance with more aggressive leasing in a desirable area that boasts an average occupancy in the mid-90s. With neighboring properties recently renovated achieving average rents over $1,250 per month, Westminster is primed for additional performance improvements that will position this property for further long-term success.