Heights on Forty4

About Heights on Forty4

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 158-unit Heights on Forty4 apartment community in Del City, OK (Oklahoma City MSA). The asset represents an opportunity to reposition a heavily capitalized asset with ~100% occupancy of rent-ready units. The Property is primed for a single capital infusion to fund unit turns, thereby enabling occupancy gains and rent growth. Based on C&W analysis of direct comparables, the next operator can benefit from 4%+ organic rent upside in year one. Heights on Forty4 also benefits from being near Tinker Air Force Base (5K+ Acre Base – 27K+ Active Personnel). The base’s impact on Oklahoma City is profound, serving as the largest single-site employer in the state and generating a staggering $7.5 billion in economic ripple effects across surrounding communities. Most notably, the base recently started on a $127M project that is expected to support 1,500 jobs over the next two decades. The Property also achieves high visibility, located on SE 44th St, which sees 11,000+ total vehicles per day. Please note that the property sits in an opportunity zone.