Security Properties has sold a three-property portfolio totaling 512 units located throughout the Oklahoma City area. The buyer is Hamilton Point Investments; however, the financial terms were not disclosed.
The portfolio consists of Chapel Ridge of Yukon, Chapel Ridge of Tinker and Crown Ridge of Edmond.
The Crown Ridge of Edmond is located at 2500 Thomas Drive in Edmond, Okla. The property was built in 2004 and totals 160 one-, two-, three- and four-bedroom units. Chapel Ridge at Yukon is located at 11501 S.W. 15th St. in Yukon, Okla. The property was built in 2005 and totals 200 one-, two-, three- and four-bedroom units. Chapel Ridge of Tinker is located at 5707 S.E. 48th St. in Oklahoma City; it was built in 2005 and totals 152 one-, two-, three- and four-bedroom units.
Oklahoma City and its surrounding areas are rapidly growing, experiencing a 15 percent population growth during the past decade due to a diversifying employment base of aviation/aerospace, en
