Westbury buildings go in auction
Ramesh Patel bought 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 with a successful bid of $275,000 at a court-ordered auction Thursday by Dakil Auctioneers.
Patel declined to comment but said through auctioneer Louis Dakil that he bought the property as an investment.
The rest of the former country club property, 157 acres southwest of SW 15 and Morgan Road, was sold in November to local investors for $1.335 million; the former golf course to housing.
BancFirst VP joins Habitat board
Central Oklahoma Habitat for Humanity has added Patrick Lippmann, senior vice president at BancFirst, to its board of directors. Lippmann, a native Oklahoman, has been with BancFirst since 2001 developing accounts and lending with commercial real estate developers. He has more than 35 years in commercial property lending and special asset management.
Lippmann also is a member of the BancFirst Acquisition Deployment Team, responsible for valuation of loan portfolios of acquired institutions. He serves on several nonprofit boards, including chairman of the Friends of Scouting for Last Frontier Council, Boy Scouts of America, and as an executive board member of the Central and Western Chapter of the American Red Cross.
“We are so grateful to have such a highly qualified individual join our board,” said Ann Felton Gilliland, president and CEO of Central Oklahoma Habitat. “Patrick Lippmann, along with our other board members, provides Central Oklahoma Habitat for Humanity the perfect mix of professional experience and governance. I’m looking forward to working with him.”
Senior Star sets acquisition chief
TULSA — Senior Star, a Tulsa-based real estate services company in senior housing, has added Isaac Losh as vice president of acquisitions. Losh works in all aspects of acquisitions and mergers, including identification, underwriting and execution of acquisitions, joint ventures and related activities.
He previously worked with Senior Star through joint venture partners in his previous position with Health Care REIT, a $30 billion real estate investment trust that invests across the health care sector and is Senior Star's primary capital partner.
“Isaac came from our partners at Health Care REIT, where he was a manager on the investment team. In his role, he specialized in relationship marketing and played an important role in new business development,” said Anja Rogers, chief operating officer for Senior Star. “In Isaac, we have certainly found a value match and exceptionally qualified person to join our leadership team.”