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New Ownership for Metropolitan

Record price for sale of urban core apartments



 



A Washington-based Weidner Apartment Homes has purchased Metropolitan Apartments for $64 million, a per-unit cost of $194,666 – the most ever paid per unit for an Oklahoma City apartment complex. Metropolitan, which is located east of Automobile Alley at NW Eighth and Oklahoma Avenue, was owned by Houston-based Bomasada Group.
 

At the time of sale, 95 percent of Metropolitan’s 329 units were leased, according to ARA Newmark, an investment advisory firm that brokered the transaction. The occupancy rate is higher than average for apartments in the urban core, where 80-88 percent is far more common.

Bomasada opened Metropolitan in 2016, and its location is ideal for several demographics – including OUHSC students, faculty and staff, employees of the Innovation District and Tinker AFB employees and military personnel, as well as locals who want easy access to Bricktown and the downtown districts. The streetcar will run right by the property when it opens in 2018, which makes Metropolitan one of the most conveniently located complexes in the urban core.

The degree to which those factors contributed to the price of the sale is unknown, but for the sake of comparison, it’s worth noting that Deep Deuce Apartments sold for $130,000 per unit in 2013, and according to commercial real estate company CBRE, 2016 per-unit sales topped out at $108,000.

Weidner already owns three other apartment complexes in the city: Brookwood Village on N Shartel, Summit Pointe Apartments on SW 89th and Liberty Pointe Apartments on SE 74th - all brokered by ARA Newmark. The acquisition of the Metropolitan brings their total units in Oklahoma City to 1,965. The Kirkland, Washington-based Weidner owns more than 50,000 units in 250-plus complexes across 11 states, making it the 17th largest apartment owner in the U.S.

Kevin Colard, vice president of acquisitions for Weidner, said (via written statement): “As evidenced by this latest purchase, Weidner remains keenly interested in the Oklahoma market … In fact, the Metropolitan represents our third purchase in Oklahoma City in 2017, and we are not finished yet. By the end of the year, we anticipate our portfolio within the state to be well over 3,000 apartment homes, with roughly 2,000 of them concentrated in Oklahoma City.”

 


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Calendar

February 2018

The Kenneth H. Cooper Aerobics Center presents its 9th annual Whole Person Indoor Triathlon. This Super Sprint Triathlon is perfect for first time Triathletes while still being challenging for...

Cost: $25, $35, $45

Where:
Kenneth H. Cooper Aerobics Center
7777 S Lewis Ave.
Tulsa, OK  74171
View map »


Telephone: 918.495.6000
Contact Name: Mabee Center
Website »

More information

Dr. Nathan Brown, former Oklahoma Poet Laureate (2013-14), has been keeping journals since he was 12 years old, and they're the basis for this new exhibit at the Chisholm Trail Heritage Center...

Cost: $6 adults (see website for all prices)

Where:
Chisholm Trail Heritage Center
1000 Chisholm Trail Parkway
www.onthechisholmtrail.com
Duncan, OK  73533
View map »


Sponsor: Chisholm Trail Heritage Center
Telephone: 580.252.6692
Contact Name: Toni
Website »

More information

Join us for the Sunday matinee of the world premiere run of The Vaudevillian, a new opera by Thomas Pasatieri! The backstage backstory dramatizes the rise and fall of American...

Cost: $14/20/28

Where:
Oklahoma City University's Kirkpatrick Auditorium
2501 N Blackwelder Ave
Oklahoma City, OK  73106
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Sponsor: Oklahoma City University's Wanda L. Bass School of Music
Telephone: 405.208.5227
Contact Name: Abigail Litjens
Website »

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OU University Theatre and Weitzenhoffer School of Musical Theatre present Nice Work If You Can Get It. Music and lyrics by George and Ira Gershwin; Book by Joe DiPietro Lyn Cramer, Director;...

Cost: $10-40

Where:
Elsie C. Brackett Theatre
563 Elm Ave.
Norman, OK  73019
View map »


Sponsor: OU University Theatre
Telephone: 405.325.4101
Contact Name: OU Fine Arts Box Office
Website »

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The University of Science and Arts of Oklahoma’s newest art exhibit, “Prairie Moderns: The Artwork of Don Holladay,” will open in the Nesbitt Gallery with a reception that is free...

Cost: Free

Where:
Nesbitt Gallery
1727 West Alabama
Chickasha, OK  73018
View map »


Sponsor: University of Science and Arts of Oklahoma
Telephone: 405.574.1301
Contact Name: Layne Thrift
Website »

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Local professional singers of Opera on Tap present "It's Never Too Late for French (toast)," a late night of brunch, burgers, and French music. Love brunch? Love live music? For...

Cost: Free

Where:
NOIR Bistro & Bar
701 W Sheridan Ave
Oklahoma City, OK  73102
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Sponsor: NOIR Bistro & Bar
Telephone: 405.208.4233
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Commemorating the 110th anniversary of Oklahoma statehood, “The Art of Oklahoma” celebrates the Museum’s outstanding and diverse collection of art created by or about...

Cost: Free with admission

Where:
Oklahoma City Museum of Art
415 Couch Dr.
Oklahoma City, OK  73102
View map »


Telephone: 405.236.3100
Website »

More information

In 1968, the Oklahoma Art Center, OKCMOA’s predecessor, purchased the 150-piece permanent collection of the Washington Gallery of Modern Art, the first art museum in the nation’s...

Cost: Free with admission

Where:
Oklahoma City Museum of Art
415 Couch Dr.
Oklahoma City, OK  73102
View map »


Telephone: 405.236.3100
Website »

More information

Show More...
Show Less...

Dr. Nathan Brown, former Oklahoma Poet Laureate (2013-14), has been keeping journals since he was 12 years old, and they're the basis for this new exhibit at the Chisholm Trail Heritage Center...

Cost: $6 adults (see website for all prices)

Where:
Chisholm Trail Heritage Center
1000 Chisholm Trail Parkway
www.onthechisholmtrail.com
Duncan, OK  73533
View map »


Sponsor: Chisholm Trail Heritage Center
Telephone: 580.252.6692
Contact Name: Toni
Website »

More information

The University of Science and Arts of Oklahoma’s newest art exhibit, “Prairie Moderns: The Artwork of Don Holladay,” will open in the Nesbitt Gallery with a reception that is free...

Cost: Free

Where:
Nesbitt Gallery
1727 West Alabama
Chickasha, OK  73018
View map »


Sponsor: University of Science and Arts of Oklahoma
Telephone: 405.574.1301
Contact Name: Layne Thrift
Website »

More information

St. John the Baptist Catholic Church Parish Lenten Mission with Fr. Joe Creedon Monday, February 19:  Examine your vision, and what you are willing to do to develop that vision into...

Cost: Free

Where:
St. John the Baptist Catholic Church
900 S Boulevard
Edmond, OK  73034
View map »


Telephone: 405.340.0691
Contact Name: Stephanie Graham
Website »

More information

Show More...
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Dr. Nathan Brown, former Oklahoma Poet Laureate (2013-14), has been keeping journals since he was 12 years old, and they're the basis for this new exhibit at the Chisholm Trail Heritage Center...

Cost: $6 adults (see website for all prices)

Where:
Chisholm Trail Heritage Center
1000 Chisholm Trail Parkway
www.onthechisholmtrail.com
Duncan, OK  73533
View map »


Sponsor: Chisholm Trail Heritage Center
Telephone: 580.252.6692
Contact Name: Toni
Website »

More information

The University of Science and Arts of Oklahoma’s newest art exhibit, “Prairie Moderns: The Artwork of Don Holladay,” will open in the Nesbitt Gallery with a reception that is free...

Cost: Free

Where:
Nesbitt Gallery
1727 West Alabama
Chickasha, OK  73018
View map »


Sponsor: University of Science and Arts of Oklahoma
Telephone: 405.574.1301
Contact Name: Layne Thrift
Website »

More information

USAO's Meet the Candidates series, sponsored by the Nita R. Giles Public Policy Program, continues on March 6 with Republican and Oklahoma Lt. Governor, Todd Lamb. Lamb will give a short...

Cost: Free

Where:
USAO Ballroom
1727 West Alabama
Chickasha, OK  73018
View map »


Sponsor: University of Science and Arts of Oklahoma
Telephone: 405.574.1216
Contact Name: Dr. Kevin Crow
Website »

More information

St. John the Baptist Catholic Church Parish Lenten Mission with Fr. Joe Creedon Monday, February 19:  Examine your vision, and what you are willing to do to develop that vision into...

Cost: Free

Where:
St. John the Baptist Catholic Church
900 S Boulevard
Edmond, OK  73034
View map »


Telephone: 405.340.0691
Contact Name: Stephanie Graham
Website »

More information

Commemorating the 110th anniversary of Oklahoma statehood, “The Art of Oklahoma” celebrates the Museum’s outstanding and diverse collection of art created by or about...

Cost: Free with admission

Where:
Oklahoma City Museum of Art
415 Couch Dr.
Oklahoma City, OK  73102
View map »


Telephone: 405.236.3100
Website »

More information

In 1968, the Oklahoma Art Center, OKCMOA’s predecessor, purchased the 150-piece permanent collection of the Washington Gallery of Modern Art, the first art museum in the nation’s...

Cost: Free with admission

Where:
Oklahoma City Museum of Art
415 Couch Dr.
Oklahoma City, OK  73102
View map »


Telephone: 405.236.3100
Website »

More information

Show More...
Show Less...

Dr. Nathan Brown, former Oklahoma Poet Laureate (2013-14), has been keeping journals since he was 12 years old, and they're the basis for this new exhibit at the Chisholm Trail Heritage Center...

Cost: $6 adults (see website for all prices)

Where:
Chisholm Trail Heritage Center
1000 Chisholm Trail Parkway
www.onthechisholmtrail.com
Duncan, OK  73533
View map »


Sponsor: Chisholm Trail Heritage Center
Telephone: 580.252.6692
Contact Name: Toni
Website »

More information

Grace Grothaus and Rena Detrixhe are transforming the second floor of Oklahoma Contemporary’s Showroom with the multisensory installation Wake. This exhibit highlights the interplay of water,...

Cost: Free

Where:
Oklahoma Contemporary Showroom
1146 N Broadway Drive
Ok, OK  73103
View map »


Sponsor: Oklahoma Contemporary
Telephone: 405.604.0042
Contact Name: Lori Brooks
Website »

More information

ORU takes on Omaha, and the Mabee Center Box Office will be open at 10 a.m.  All children ages 13 and under, accompanied by an adult, will be allowed in to all 2017-18...

Cost: $9

Where:
Mabee Center
7777 S Lewis Ave
Tulsa, OK  74171
View map »


Telephone: 918.495.7ORU
Website »

More information

St. John the Baptist Catholic Church Parish Lenten Mission with Fr. Joe Creedon Monday, February 19:  Examine your vision, and what you are willing to do to develop that vision into...

Cost: Free

Where:
St. John the Baptist Catholic Church
900 S Boulevard
Edmond, OK  73034
View map »


Telephone: 405.340.0691
Contact Name: Stephanie Graham
Website »

More information

The University of Science and Arts of Oklahoma’s newest art exhibit, “Prairie Moderns: The Artwork of Don Holladay,” will open in the Nesbitt Gallery with a reception that is free...

Cost: Free

Where:
Nesbitt Gallery
1727 West Alabama
Chickasha, OK  73018
View map »


Sponsor: University of Science and Arts of Oklahoma
Telephone: 405.574.1301
Contact Name: Layne Thrift
Website »

More information

In 1968, the Oklahoma Art Center, OKCMOA’s predecessor, purchased the 150-piece permanent collection of the Washington Gallery of Modern Art, the first art museum in the nation’s...

Cost: Free with admission

Where:
Oklahoma City Museum of Art
415 Couch Dr.
Oklahoma City, OK  73102
View map »


Telephone: 405.236.3100
Website »

More information

Commemorating the 110th anniversary of Oklahoma statehood, “The Art of Oklahoma” celebrates the Museum’s outstanding and diverse collection of art created by or about...

Cost: Free with admission

Where:
Oklahoma City Museum of Art
415 Couch Dr.
Oklahoma City, OK  73102
View map »


Telephone: 405.236.3100
Website »

More information

Show More...
Show Less...

The Oklahoma Farmers Market & Agritourism Conference seeks to increase the availability of local food in Oklahoma communities, strengthen existing farmers markets and Agritourism sites and...

Cost: Free

Where:
Tower Hotel
3233 Northwest Expy
Oklahoma City , OK  73112
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Sponsor: ONIE Project
Contact Name: Maria Andrade
Website »

More information

Dr. Nathan Brown, former Oklahoma Poet Laureate (2013-14), has been keeping journals since he was 12 years old, and they're the basis for this new exhibit at the Chisholm Trail Heritage Center...

Cost: $6 adults (see website for all prices)

Where:
Chisholm Trail Heritage Center
1000 Chisholm Trail Parkway
www.onthechisholmtrail.com
Duncan, OK  73533
View map »


Sponsor: Chisholm Trail Heritage Center
Telephone: 580.252.6692
Contact Name: Toni
Website »

More information

Grace Grothaus and Rena Detrixhe are transforming the second floor of Oklahoma Contemporary’s Showroom with the multisensory installation Wake. This exhibit highlights the interplay of water,...

Cost: Free

Where:
Oklahoma Contemporary Showroom
1146 N Broadway Drive
Ok, OK  73103
View map »


Sponsor: Oklahoma Contemporary
Telephone: 405.604.0042
Contact Name: Lori Brooks
Website »

More information

The University of Science and Arts of Oklahoma’s newest art exhibit, “Prairie Moderns: The Artwork of Don Holladay,” will open in the Nesbitt Gallery with a reception that is free...

Cost: Free

Where:
Nesbitt Gallery
1727 West Alabama
Chickasha, OK  73018
View map »


Sponsor: University of Science and Arts of Oklahoma
Telephone: 405.574.1301
Contact Name: Layne Thrift
Website »

More information

Since 1993, this amazing group has been combining music, theater and acrobatics to create moving performances filled with magic and emotion. Based on the multidisciplinary talents of its artists,...

Cost: $39

Where:
OCCC Visual and Performing Arts Center
7777 S May Ave
OKC, OK  73159
View map »


Telephone: 405.682.7579
Website »

More information

A world premiere theatre piece hits Oklahoma with an inter-dimensional art show: “The Cowboy Who Fell From The Sky” - an immersive, post-apocalyptic, pop-up folk concert....

Cost: $20

Where:
OK Shakespeare In The Park On Paseo
2920 Paseo
Oklahoma City, OK
View map »


Contact Name: Michael Todd
Website »

More information

In 1968, the Oklahoma Art Center, OKCMOA’s predecessor, purchased the 150-piece permanent collection of the Washington Gallery of Modern Art, the first art museum in the nation’s...

Cost: Free with admission

Where:
Oklahoma City Museum of Art
415 Couch Dr.
Oklahoma City, OK  73102
View map »


Telephone: 405.236.3100
Website »

More information

Commemorating the 110th anniversary of Oklahoma statehood, “The Art of Oklahoma” celebrates the Museum’s outstanding and diverse collection of art created by or about...

Cost: Free with admission

Where:
Oklahoma City Museum of Art
415 Couch Dr.
Oklahoma City, OK  73102
View map »


Telephone: 405.236.3100
Website »

More information

Show More...
Show Less...

Dr. Nathan Brown, former Oklahoma Poet Laureate (2013-14), has been keeping journals since he was 12 years old, and they're the basis for this new exhibit at the Chisholm Trail Heritage Center...

Cost: $6 adults (see website for all prices)

Where:
Chisholm Trail Heritage Center
1000 Chisholm Trail Parkway
www.onthechisholmtrail.com
Duncan, OK  73533
View map »


Sponsor: Chisholm Trail Heritage Center
Telephone: 580.252.6692
Contact Name: Toni
Website »

More information

Grace Grothaus and Rena Detrixhe are transforming the second floor of Oklahoma Contemporary’s Showroom with the multisensory installation Wake. This exhibit highlights the interplay of water,...

Cost: Free

Where:
Oklahoma Contemporary Showroom
1146 N Broadway Drive
Ok, OK  73103
View map »


Sponsor: Oklahoma Contemporary
Telephone: 405.604.0042
Contact Name: Lori Brooks
Website »

More information

The University of Science and Arts of Oklahoma’s newest art exhibit, “Prairie Moderns: The Artwork of Don Holladay,” will open in the Nesbitt Gallery with a reception that is free...

Cost: Free

Where:
Nesbitt Gallery
1727 West Alabama
Chickasha, OK  73018
View map »


Sponsor: University of Science and Arts of Oklahoma
Telephone: 405.574.1301
Contact Name: Layne Thrift
Website »

More information

The Roadshow is coming to Tulsa! This year's tour features Christian music favorites For King & Country, Matthew West, Natalie Grant, Bethel Music, Zach Williams, and Social Club Misfits....

Cost: $10

Where:
Mabee Center
7777 S Lewis Ave
Tulsa, OK  74171
View map »


Website »

More information

A world premiere theatre piece hits Oklahoma with an inter-dimensional art show: “The Cowboy Who Fell From The Sky” - an immersive, post-apocalyptic, pop-up folk concert....

Cost: $20

Where:
OK Shakespeare In The Park On Paseo
2920 Paseo
Oklahoma City, OK
View map »


Contact Name: Michael Todd
Website »

More information

Commemorating the 110th anniversary of Oklahoma statehood, “The Art of Oklahoma” celebrates the Museum’s outstanding and diverse collection of art created by or about...

Cost: Free with admission

Where:
Oklahoma City Museum of Art
415 Couch Dr.
Oklahoma City, OK  73102
View map »


Telephone: 405.236.3100
Website »

More information

In 1968, the Oklahoma Art Center, OKCMOA’s predecessor, purchased the 150-piece permanent collection of the Washington Gallery of Modern Art, the first art museum in the nation’s...

Cost: Free with admission

Where:
Oklahoma City Museum of Art
415 Couch Dr.
Oklahoma City, OK  73102
View map »


Telephone: 405.236.3100
Website »

More information

Show More...
Show Less...

Dr. Nathan Brown, former Oklahoma Poet Laureate (2013-14), has been keeping journals since he was 12 years old, and they're the basis for this new exhibit at the Chisholm Trail Heritage Center...

Cost: $6 adults (see website for all prices)

Where:
Chisholm Trail Heritage Center
1000 Chisholm Trail Parkway
www.onthechisholmtrail.com
Duncan, OK  73533
View map »


Sponsor: Chisholm Trail Heritage Center
Telephone: 580.252.6692
Contact Name: Toni
Website »

More information

Grace Grothaus and Rena Detrixhe are transforming the second floor of Oklahoma Contemporary’s Showroom with the multisensory installation Wake. This exhibit highlights the interplay of water,...

Cost: Free

Where:
Oklahoma Contemporary Showroom
1146 N Broadway Drive
Ok, OK  73103
View map »


Sponsor: Oklahoma Contemporary
Telephone: 405.604.0042
Contact Name: Lori Brooks
Website »

More information

The University of Science and Arts of Oklahoma’s newest art exhibit, “Prairie Moderns: The Artwork of Don Holladay,” will open in the Nesbitt Gallery with a reception that is free...

Cost: Free

Where:
Nesbitt Gallery
1727 West Alabama
Chickasha, OK  73018
View map »


Sponsor: University of Science and Arts of Oklahoma
Telephone: 405.574.1301
Contact Name: Layne Thrift
Website »

More information

A world premiere theatre piece hits Oklahoma with an inter-dimensional art show: “The Cowboy Who Fell From The Sky” - an immersive, post-apocalyptic, pop-up folk concert....

Cost: $20

Where:
OK Shakespeare In The Park On Paseo
2920 Paseo
Oklahoma City, OK
View map »


Contact Name: Michael Todd
Website »

More information

In 1968, the Oklahoma Art Center, OKCMOA’s predecessor, purchased the 150-piece permanent collection of the Washington Gallery of Modern Art, the first art museum in the nation’s...

Cost: Free with admission

Where:
Oklahoma City Museum of Art
415 Couch Dr.
Oklahoma City, OK  73102
View map »


Telephone: 405.236.3100
Website »

More information

Commemorating the 110th anniversary of Oklahoma statehood, “The Art of Oklahoma” celebrates the Museum’s outstanding and diverse collection of art created by or about...

Cost: Free with admission

Where:
Oklahoma City Museum of Art
415 Couch Dr.
Oklahoma City, OK  73102
View map »


Telephone: 405.236.3100
Website »

More information

Show More...
Show Less...
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