Investor buys in Tulsa area
A Denver-based investor in central Oklahoma mobile home parks has expanded into the Tulsa area with the purchase of two properties in a transaction handled by Keith Wilson Co. of Edmond. Stonetown Capital, the buyer, paid $3.75 million for 180-pad Sunburst Mobile Home Park in Sand Springs and 42-pad South Acres Mobile Home Park in Bristow. The seller was SD Foundation of San Diego. Keith Wilson Co. previously has brokered 12 all-cash sales of mobile home parks in Oklahoma to Stonetown in the past three years. “This is Stonetown’s first foray into the Tulsa area mobile home market, having purchased 10 parks in central Oklahoma, in the Oklahoma City area, in the past three years,” Wilson said.
Clubhouse to be sold at auction
The 12,700-square-foot former Westbury Country Club clubhouse, 2,600-square-foot pool house, 3,300-square-foot metal building, 6,400-square-foot cart storage building and 12 acres will be sold at court-ordered absolute auction at 6 p.m. July 31 at Dakil Auctioneers, 200 NW 114. The property is southwest of SW 15 and Morgan Road. Open house will be from 10 a.m. to 3 p.m. July 19 and July 26. Local investors had the top bid of $1.335 million — about $8,500 per acre — for two tracts totaling 157 acres of the former country club property last Nov. 1, and are converting the golf course to housing. Seller Benjamin Young rejected a $330,000 bid on the clubhouse and other property, auctioneer Louis Dakil said.
Anderson buys Alliance Realty
Berkshire Hathaway HomeServices Anderson Properties in Houston has acquired Tulsa-based Prudential Alliance Realty, an eight-office, 150-agent brokerage operating in Tulsa and Oklahoma City. The transaction gives Anderson Properties, one of the region’s fastest-growing brokerages, 38 offices and more than 600 agents. Terms of the purchase were not disclosed. “We are excited to add Alliance Realty and its terrific agents to our team,” said Anderson Properties broker-owner Michael Huff. “This company is well run and well respected in Oklahoma. It’s an important component of our strategic growth plan.” Alliance Realty was led by Sheldon Detrick, who remains with Anderson Properties. “I have been considering a change in role for myself for some time, but it wasn’t until I met the people at Anderson Properties that I felt comfortable making such a transition,” Detrick said. “I love my company and agents and had to be absolutely sure new ownership would help the company grow.”
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