Lawton, OK — NAS Investment Solutions (NASIS), a national sponsor known for high quality passive DST investments with reliable yield performance, has acquired Willowpark Apartments, a 160-unit multifamily property in Lawton, OK.
National Asset Services (NAS), one of the Country’s leading commercial real estate companies, known for maximizing property value in all economic situations, will be responsible for overseeing property management as well as asset managing the property for the company’s investment clients.
“Willowpark residents will see immediate action taken to improve the property designed to enhance the quality of their living experience,” commented Karen. E. Kennedy, President and Founder of NAS and NAS Investment Solutions.
NAS Investment Solutions is offering fractional ownership interests in Willowpark Apartments to accredited investors as a Delaware Statutory Trust (DST) structured property investment. The acquisition of Willowpark also creates an opportunity for 1031 Exchange investors who are in immediate need of a quality replacement property. It is also suitable for self-directed IRAs and represents a narrow window of opportunity for accredited investors to participate.
“We have projected a long-term positive outlook for multifamily investment in Oklahoma and surrounding markets,” commented Karen E. Kennedy, President and Founder of NAS Investment Solutions and National Asset Services. “With its stable labor pool, lower cost of living and doing business, strong ties to federal military facilities, Oklahoma is an attractive place to live and to conduct business. Our investors will enjoy strong returns on their investments in Willowpark, which provides a unique value-add opportunity as part of the exit strategy.
The Willowpark property is located just minutes from Ft. Sill Military Base, the largest field artillery complex in the world with an estimated 20,000 military and civilian personnel, and 33,000 military family members. Willowpark is also within short driving distance to the area’s major employers including Goodyear, Republic Paperboard, Bar-S-Foods, Silver-Line Plastics and Cameron University.
The Willowpark apartment community consists of ten 2-story buildings on 6.43 acres with an average apartment home size of 603 square feet.