Horizon 135
Multifamily | 135 Units
Marketing description
Horizon 135 is in McAlester, Oklahoma—a rapidly expanding regional hub in southeastern Oklahoma—the portfolio benefits from extensive industrial investments and growth in retail and residential sectors. The Highway 69 growth corridor is undergoing substantial expansion with planned retail and residential projects. Additionally, $164 million American Li-ion project set to open by late 2026. New developments in retail, residential, and factory sectors are projected to create additional jobs and further strengthen the area’s economy.
McAlester’s market diversified drivers include Defense & Aerospace, Manufacturing, Healthcare, Technology & Innovation, as well as ongoing infrastructure upgrades. The region enjoys a large, stable employment base anchored by industry leaders and institutional anchors, particularly in defense and government. Its proximity—less than 90 minutes—to Tulsa, competitive operating costs, and convenient transportation access make McAlester especially attractive to investors. These factors contribute to a stable environment with substantial long-term growth potential.
The true value-add component: Historical occupancy has remained strong, consistently above 90%, with tenants typically employed by key local economic drivers. The portfolio’s combination of stability, value-add potential/increasing revenue and the region’s stability and growth makes Horizon 135 Portfolio an exceptional opportunity for investors seeking to capitalize on the property’s growth potential and McAlester’s ongoing expansion.
Investment highlights
Horizon 135 portfolio – 1970’1980’ vintage presents a compelling value-add investment opportunity.
This portfolio consists of 135 units, with the majority—72%— two-bedroom units. The properties boast pitched roofs and demonstrate impressive renter retention, with turnover consistently around just 10% annually.
The true value-add lies in the untapped potential for rent growth. The current owner has not raised rents, and there is considerable opportunity to increase returns, in addition if units receive upgrades. The management team, including the current manager and maintenance technician, has been with the property for several years and is enthusiastic about continuing to oversee the assets.
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