By Samuel Spangler
Shakiba Capital, a private equity real estate investment firm based in Houston, made its fourth property acquisition in the Tulsa region, buying the Flats on Archer apartments for $17.4 million.
Built-in 2018, the 62-unit, five-story rental apartment building is located at the corner of Archer St. and Boston Ave. in the Tulsa Arts District in downtown Tulsa, formerly known as the Brady Arts District.
Ryan Gorman, Carey Velez and Bailey Miles of the new Legacy Commercial Property Advisors multifamily division brokered the sale working on behalf of both the buyer and the seller, a partnership of local developers.
Latest coverage of Shakiba Capital’s newest acquisition, Silos on the Square in Springdale, Arkansas, comes from TalkBusiness.net: “A120-unit multifamily community under construction in Springdale sold recently for $18.3 million. The purchase price equals $152,500 per unit. Houston-based private equity real estate firm Shakiba Capital bought the 10-acre Silos on the Square development located in an […]
KATV-TV report on Shakiba Capital acquisition of Tontitown Apartments