Northmarq arranges the sale of 102-unit build-to-rent community in Seminole, OK

SEMINOLE, Okla. — Northmarq’s Tulsa, Oklahoma-based Multifamily Investment Sales team of Benjamin Davis and Ethan Shaffer brokered the sale of Blackburn Ridge Townhomes, a newly built 102-unit build-to-rent community in Seminole, Oklahoma.

Northmarq represented the seller, Blackburn Ridge LLC. The buyer was SDS Realty Corp.

“With Blackburn Ridge only partially completed, we knew it would take a unique group — one that recognized the market’s need for additional housing and had the development experience to see the project through to completion,” Davis said. “SDS was a natural buyer already having a presence in Seminole and a background developing in tertiary markets of Oklahoma. Banc First was able to step in and provide attractive financing for SDS to get this across the finish line.”

The multifamily community is located at 1401 Blackburn Way, Seminole, Oklahoma and offers best in class amenities and interior finishes.