- LIHTC to Market-Rate Conversion Opportunity
- Premier Independent Living for the 55+ Demographic
- $100+ per unit in Upside Potential
- Institutionally Owned and Operated
- Historically Strong Operations
- Significant Demand for Affordable, Age-Restricted Housing
- Ideally Located
- Offered Free and Clear
LIHTC to Market-Rate Conversion Opportunity
With unique positioning in the marketplace, Woodland Manor is a highly coveted age-restricted asset with an immediate value-add opportunity in the near term. New ownership will have the ability to unlock tremendous cash flow increases in 2028 when Section 42 (LIHTC) provisions expire.
Premier Independent Living for the 55+ Demographic
Perched on park-like grounds that provide ample space for even the most active lifestyle, Woodland Manor offers tenants the opportunity to breathe in the beautifully landscaped, picturesque, resort-like setting which includes an onsite beauty salon, activity center, fitness center and two sparkling pools.
$100+ per unit in Upside Potential
Of the 305 units in total, 65 are not rent-restricted and primed for modernization without massive capital investment to achieve larger rental rates in these select units. After the immediate growth in those rental rates following the completion of interior improvements, new ownership can enjoy the significant rent growth in the South Tulsa submarket of 15.8% over the last year.
