OKC Value-add Multifamily Project
Here is a great example of a value-add project. The investors have acquired a distressed investment property with the goal of repositioning. Cypress Ridge Apartments sold: Mark Spradlin of Fort Smith, Ark., paid $1.65 million for the vacant Cypress Ridge Apartments, 1209 W Hefner Road, with plans to spend $3.8 million to bring the 256-unit …
