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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

July 2019

A Texas State of Mind, featuring the art of Larry G. Lemons of Nocona, TX, is coming to the Chisholm Trail Heritage Center in Duncan, OK.  A meet the artist reception will be 3:30 - 6:30...

Cost: $4-$6

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 Hopper
Website »

More information

Featuring more than 70 works by French and European masters such as Degas, Manet, Monet, Rousseau and Van Gogh, this exhibition celebrates Mr. and Mrs. Paul Mellon’s extraordinary gift of...

Cost: $15

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


Telephone: 405.236.3100
Website »

More information

A nationally touring exhibit “Bison: Ancient. Massive. Wild.” will open May 24 at the Chisholm Trail Heritage Center in Duncan, OK. This exhibit explores the significance of...

Cost: $4 - $6

Where:
Chisholm Trail Heritage Center
1000 Chisholm Trail Parkway
Duncan, OK  73533
View map »


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

More information

Show More...
Show Less...

A nationally touring exhibit “Bison: Ancient. Massive. Wild.” will open May 24 at the Chisholm Trail Heritage Center in Duncan, OK. This exhibit explores the significance of...

Cost: $4 - $6

Where:
Chisholm Trail Heritage Center
1000 Chisholm Trail Parkway
Duncan, OK  73533
View map »


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

More information

A Texas State of Mind, featuring the art of Larry G. Lemons of Nocona, TX, is coming to the Chisholm Trail Heritage Center in Duncan, OK.  A meet the artist reception will be 3:30 - 6:30...

Cost: $4-$6

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 Hopper
Website »

More information

The University of Science and Arts of Oklahoma’s Nesbitt Gallery will feature painter William Stoehr’s powerful portraits in “Victims, Witnesses, and Survivors.” The gallery...

Cost: Free

Where:
USAO Nesbitt Gallery
1727 W. Alabama Ave.
Chickasha, OK  73018
View map »


Sponsor: Nesbitt Gallery
Telephone: 405.574.1374
Contact Name: Layne Thrift
Website »

More information

Show More...
Show Less...

Featuring more than 70 works by French and European masters such as Degas, Manet, Monet, Rousseau and Van Gogh, this exhibition celebrates Mr. and Mrs. Paul Mellon’s extraordinary gift of...

Cost: $15

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


Telephone: 405.236.3100
Website »

More information

A Texas State of Mind, featuring the art of Larry G. Lemons of Nocona, TX, is coming to the Chisholm Trail Heritage Center in Duncan, OK.  A meet the artist reception will be 3:30 - 6:30...

Cost: $4-$6

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 Hopper
Website »

More information

A nationally touring exhibit “Bison: Ancient. Massive. Wild.” will open May 24 at the Chisholm Trail Heritage Center in Duncan, OK. This exhibit explores the significance of...

Cost: $4 - $6

Where:
Chisholm Trail Heritage Center
1000 Chisholm Trail Parkway
Duncan, OK  73533
View map »


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

More information

Our summer series is geared toward teaching printmaking in the classroom. Each Tuesday night from 5:30-8 p.m., we will show several different ways to approach 4 printmaking styles. You...

Cost: $75

Where:
ARTSPACE at Untitled
1 NE 3rd st
Oklahoma City, OK  73104
View map »


Telephone: 405.815.9995
Website »

More information

The University of Science and Arts of Oklahoma’s Nesbitt Gallery will feature painter William Stoehr’s powerful portraits in “Victims, Witnesses, and Survivors.” The gallery...

Cost: Free

Where:
USAO Nesbitt Gallery
1727 W. Alabama Ave.
Chickasha, OK  73018
View map »


Sponsor: Nesbitt Gallery
Telephone: 405.574.1374
Contact Name: Layne Thrift
Website »

More information

Show More...
Show Less...

Featuring more than 70 works by French and European masters such as Degas, Manet, Monet, Rousseau and Van Gogh, this exhibition celebrates Mr. and Mrs. Paul Mellon’s extraordinary gift of...

Cost: $15

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


Telephone: 405.236.3100
Website »

More information

A nationally touring exhibit “Bison: Ancient. Massive. Wild.” will open May 24 at the Chisholm Trail Heritage Center in Duncan, OK. This exhibit explores the significance of...

Cost: $4 - $6

Where:
Chisholm Trail Heritage Center
1000 Chisholm Trail Parkway
Duncan, OK  73533
View map »


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

More information

A Texas State of Mind, featuring the art of Larry G. Lemons of Nocona, TX, is coming to the Chisholm Trail Heritage Center in Duncan, OK.  A meet the artist reception will be 3:30 - 6:30...

Cost: $4-$6

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 Hopper
Website »

More information

The University of Science and Arts of Oklahoma’s Nesbitt Gallery will feature painter William Stoehr’s powerful portraits in “Victims, Witnesses, and Survivors.” The gallery...

Cost: Free

Where:
USAO Nesbitt Gallery
1727 W. Alabama Ave.
Chickasha, OK  73018
View map »


Sponsor: Nesbitt Gallery
Telephone: 405.574.1374
Contact Name: Layne Thrift
Website »

More information

Show More...
Show Less...

A Texas State of Mind, featuring the art of Larry G. Lemons of Nocona, TX, is coming to the Chisholm Trail Heritage Center in Duncan, OK.  A meet the artist reception will be 3:30 - 6:30...

Cost: $4-$6

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 Hopper
Website »

More information

A nationally touring exhibit “Bison: Ancient. Massive. Wild.” will open May 24 at the Chisholm Trail Heritage Center in Duncan, OK. This exhibit explores the significance of...

Cost: $4 - $6

Where:
Chisholm Trail Heritage Center
1000 Chisholm Trail Parkway
Duncan, OK  73533
View map »


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

More information

Featuring more than 70 works by French and European masters such as Degas, Manet, Monet, Rousseau and Van Gogh, this exhibition celebrates Mr. and Mrs. Paul Mellon’s extraordinary gift of...

Cost: $15

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


Telephone: 405.236.3100
Website »

More information

The University of Science and Arts of Oklahoma’s Nesbitt Gallery will feature painter William Stoehr’s powerful portraits in “Victims, Witnesses, and Survivors.” The gallery...

Cost: Free

Where:
USAO Nesbitt Gallery
1727 W. Alabama Ave.
Chickasha, OK  73018
View map »


Sponsor: Nesbitt Gallery
Telephone: 405.574.1374
Contact Name: Layne Thrift
Website »

More information

Show More...
Show Less...

Featuring more than 70 works by French and European masters such as Degas, Manet, Monet, Rousseau and Van Gogh, this exhibition celebrates Mr. and Mrs. Paul Mellon’s extraordinary gift of...

Cost: $15

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


Telephone: 405.236.3100
Website »

More information

A nationally touring exhibit “Bison: Ancient. Massive. Wild.” will open May 24 at the Chisholm Trail Heritage Center in Duncan, OK. This exhibit explores the significance of...

Cost: $4 - $6

Where:
Chisholm Trail Heritage Center
1000 Chisholm Trail Parkway
Duncan, OK  73533
View map »


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

More information

A Texas State of Mind, featuring the art of Larry G. Lemons of Nocona, TX, is coming to the Chisholm Trail Heritage Center in Duncan, OK.  A meet the artist reception will be 3:30 - 6:30...

Cost: $4-$6

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 Hopper
Website »

More information

The University of Science and Arts of Oklahoma’s Nesbitt Gallery will feature painter William Stoehr’s powerful portraits in “Victims, Witnesses, and Survivors.” The gallery...

Cost: Free

Where:
USAO Nesbitt Gallery
1727 W. Alabama Ave.
Chickasha, OK  73018
View map »


Sponsor: Nesbitt Gallery
Telephone: 405.574.1374
Contact Name: Layne Thrift
Website »

More information

The evening Cocktail Cruise offers stunning views of the downtown skyline, the Boathouse District & Finish Line Tower, the Wheeler Ferris wheel and, quite possibly, an amazing...

Cost: Adult: $20 Seniors and Children: $15

Where:
Regatta Park Landing
701 S. Lincoln Blvd
Oklahoma City, OK  73119
View map »


Sponsor: Oklahoma River Cruises
Telephone: 405-702-7755
Contact Name: Che Loessberg
Website »

More information

This event is for the young and the young at heart! Join us for a night of music under the Ferris Wheel lights - enjoy a live music preview of Wiggle Out Loud with Academia OK Mariachi Students,...

Cost: Free

Where:
Wheeler Ferris Wheel
1701 S. Western Ave.
Oklahoma City, OK  73109
View map »

More information

The evening Cocktail Cruise offers stunning views of the downtown skyline, the Boathouse District & Finish Line Tower, the Wheeler Ferris Wheel, and quite possibly an amazing Oklahoma...

Cost: Adults $20; Seniors and Children $15

Where:
Regatta Park Landing
701 S. Lincoln Blvd
Oklahoma City, OK  73119
View map »


Sponsor: Oklahoma River Cruises
Telephone: 405-702-7755
Contact Name: Che Loessberg
Website »

More information

Show More...
Show Less...

A Texas State of Mind, featuring the art of Larry G. Lemons of Nocona, TX, is coming to the Chisholm Trail Heritage Center in Duncan, OK.  A meet the artist reception will be 3:30 - 6:30...

Cost: $4-$6

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 Hopper
Website »

More information

A nationally touring exhibit “Bison: Ancient. Massive. Wild.” will open May 24 at the Chisholm Trail Heritage Center in Duncan, OK. This exhibit explores the significance of...

Cost: $4 - $6

Where:
Chisholm Trail Heritage Center
1000 Chisholm Trail Parkway
Duncan, OK  73533
View map »


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

More information

Featuring more than 70 works by French and European masters such as Degas, Manet, Monet, Rousseau and Van Gogh, this exhibition celebrates Mr. and Mrs. Paul Mellon’s extraordinary gift of...

Cost: $15

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


Telephone: 405.236.3100
Website »

More information

Join Wendy Fox as she leads the Stab Binding Workshop in the PRESS at Untitled. A stab bound book has no signatures. It is a book that consists of flat pages, and a front and back cover...

Cost: $50

Where:
ARTSPACE at Untitled
1 NE 3rd St
Oklahoma City, OK  73104
View map »


Sponsor: ARTSPACE at Untitled
Telephone: 405-815-9995
Contact Name: Laura Warriner
Website »

More information

America’s largest interactive comedy murder mystery dinner show is now playing at the Skirvin Hilton Hotel. At The Dinner Detective, you’ll tackle a challenging crime while you...

Cost: $59.95

Where:
The Skirvin Hilton
1 Park Ave
Oklahoma City, OK  73102
View map »


Sponsor: The Dinner Detective
Telephone: 866.496.0535
Website »

More information

The evening Cocktail Cruise offers stunning views of the downtown skyline, the Boathouse District & Finish Line Tower, the Wheeler Ferris wheel and, quite possibly, an amazing...

Cost: Adult: $20 Seniors and Children: $15

Where:
Regatta Park Landing
701 S. Lincoln Blvd
Oklahoma City, OK  73119
View map »


Sponsor: Oklahoma River Cruises
Telephone: 405-702-7755
Contact Name: Che Loessberg
Website »

More information

The evening Cocktail Cruise offers stunning views of the downtown skyline, the Boathouse District & Finish Line Tower, the Wheeler Ferris Wheel, and quite possibly an amazing Oklahoma...

Cost: Adults $20; Seniors and Children $15

Where:
Regatta Park Landing
701 S. Lincoln Blvd
Oklahoma City, OK  73119
View map »


Sponsor: Oklahoma River Cruises
Telephone: 405-702-7755
Contact Name: Che Loessberg
Website »

More information

Fresh off of the release of their latest album, Bay Faction is on tour from Brooklyn, NY. Florida Guilt is the debut album by New York-based trio Bay Faction (comprised of James McDermott,...

Cost: $12

Where:
Opolis
113 North Crawford
Norman, OK  73069
View map »


Sponsor: IBGYBG Entertainment LLC
Telephone: 617.780.0498
Contact Name: James McDermott
Website »

More information

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