Elkhorn Capital Partners has acquired three Tulsa multifamily communities, totaling $22.4 million.
Elkhorn is a private equity firm that specializes in distressed multifamily acquisitions and manages multifamily assets. The three acquisitions included a distressed Freddie Mac foreclosure called Ivy Place Apartments.
“The receiver & Freddie Mac selected Elkhorn as the buyer due to our demonstrated ability to execute under challenging situations and our reputation for doing what we say we are going to do – including closing within their very tight timeline requirements with no financing contingency. This asset profile is right in our wheelhouse,” said Bruce Fraser, Elkhorn’s managing partner.
The transaction was brokered by David Dirkschneider and Mike Marrara from Capstone.