Oklahoma real estate and business briefs for June 29

About space: Oklahoma real estate and business briefs for June 29
Published: June 29, 2013
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Steadfast buys Quail North

Irvine, Calif.-based Steadfast Income REIT Inc. has bought Quail North Apartments, 2701 Tuscana Blvd., near NW 150 and May, for $25.25 million from Indianapolis developer Watermark Residential, which built the complex in 2011-2012. The property was 98 percent occupied. It has three three-story buildings with one-, two- and three-bedroom apartments with an average rent of $993.

It was the sixth Oklahoma purchase for the REIT and its third in Oklahoma City. Steadfast now owns more than 8,500 apartment homes in Oklahoma, Texas, Illinois, Indiana, Iowa, Kansas, Kentucky, Missouri, Ohio and Tennessee valued at $770 million.

Auction firm hires Diliberto

Williams & Williams real estate auctions has hired Frank Diliberto as executive managing director to lead its newly added global capital and real estate advisory services and to handle commercial real estate sales. Previously, Diliberto was chairman of AuctionPoint Advisory, a LoopNet-sponsored global auction operation, and was managing director at KPMG Corporate Finance, a global investment banking firm, where he headed auctions and expansion of real estate advisory services.

“Corporations, trusts and boards with a fiduciary responsibility to shareholders, investors and beneficiaries want an in-depth analysis of their real estate holdings and a full understanding of their marketplace options to ensure the best decision for all concerned,” said Pam McKissick, co-owner and CEO of Williams, Williams & McKissick, Williams & Williams' parent company. “We are making a significant investment in real estate advisory to provide these sophisticated clients with a full range of time definite collateral risk management options.”