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
TULSA — 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.”
Architects promote Majors
Frankfurt Short Bruza, an Oklahoma City architecture and engineering firm, has promoted Laure Majors to associate principal, the first to be named at the firm. She has been with the firm nearly 20 years. She is director of business development. As associate principal, she works closely with principals to set strategic business development goals for clients and leads the firm's strategic initiative for community involvement.
Database to log vacancies
The Oklahoma Main Street program is encouraging Main Street communities to list vacant properties on LocateOK.com, an online database of Oklahoma buildings and sites that are for sale or lease managed by the Oklahoma Department of Commerce.
A Main Street community can post their information by visiting www.okcommerce.gov/main-street and then click on Main Street Property Listings. Jeremy Zeller, Oklahoma Main Street Economic Developer can assist with the process. Zeller's contact information is 815-5186 or by email at jeremy_zeller@OKCommerce.gov.