1713 S Memorial Dr, Tulsa, OK 74112-7042

1. Extensive Recent Capital Improvements Nearing $3 Million

Ownership has completed a comprehensive capital improvement program throughout Autumn Ridge Apartments, significantly enhancing both the physical condition and long-term operational durability of the asset. Recent improvements have focused on interior renovations, exterior enhancements, infrastructure upgrades, and resident amenity improvements, positioning the property for continued operational growth under new ownership.

• Renovated unit interiors
• Full exterior repainting
• New appliance packages
• Wood and stair repairs
• Washer/dryer installations
• Parking lot repaving, seal & stripe
• New LVT flooring
• Landscaping enhancements
• HVAC condenser replacements
• Pool improvements
• Sewer & drain line replacements
• Splash pad & playground upgrades
• Cabinet & countertop upgrades
• BBQ & picnic area additions
• Electrical improvements
• Leasing office renovation
• Water conservation upgrades
• Enhanced security & site improvements

These completed improvements provide investors with a substantially improved physical plant while allowing new ownership to focus primarily on operational optimization and continued revenue growth initiatives.

2. Proven Value-Add Opportunity

Autumn Ridge Apartments offers investors a proven value-add opportunity with a balanced mix of renovated and classic units, creating immediate upside through continued unit modernization and operational enhancements. Currently, the property consists of approximately 91 renovated units and 91 classic units, allowing new ownership the ability to continue executing a phased renovation strategy while maintaining stable cash flow throughout the repositioning process. Renovated units have already demonstrated the market’s willingness to absorb upgraded product, validating the property’s continued rental upside potential.

The property’s large unit count allows investors to scale renovation programs efficiently while maintaining strong occupancy throughout the repositioning process. Located within an established renter-heavy submarket where 62.5% of households within a one-mile radius are renter occupied, the asset benefits from a deep and stable tenant base. Combined with favorable workforce demographics and strong employment accessibility, Autumn Ridge is well positioned for continued NOI growth and long-term value creation.

3. Strategic Tulsa Location with Exceptional Employment Access

Autumn Ridge Apartments is strategically positioned near some of Tulsa’s largest employment corridors, providing residents convenient access to healthcare, aerospace, logistics, energy, manufacturing, retail, and education employers throughout the metro. The property benefits from immediate connectivity to the Tulsa International Airport employment base, Eastgate Metroplex, and Tulsa’s expanding industrial corridor, all of which continue to drive strong workforce housing demand in the surrounding submarket.

Major Employment Drivers Nearby

• Saint Francis Health System — 11,000+ employees
• Tulsa International Airport Employment Base — 18,000+ employees
• American Airlines — 5,000+ employees
• Ascension St. John — 5,000+ employees
• Hillcrest Health System — 5,000+ employees
• Tulsa Industrial Corridor — 1,200 companies & 25,000 employees
• Eastgate Metroplex — Major mix-use business and perfessional services
• Union Public Schools — 2,000+ employees
• Amazon Fulfillment Center — 1,500-3,000 employees
• QuikTrip Headquarters — 1,250-2,500 employees
• ONEOK Headquarters — 1,250-2,500 employees
• Williams Companies Headquarters — 1,100-2,500 employees
• Nordam Group — 1,250-2,500 employees
• IC Bus of Oklahoma — 1,250-2,500 employees
• Bank of Oklahoma Headquarters — 1,500-3,000 employees

Combined with immediate access to retail, dining, healthcare, and entertainment destinations, Autumn Ridge offers residents both affordability and connectivity within one of Tulsa’s most established residential corridors.