Cardinal Group buys 204-unit, 612-bed student community near University of Oklahoma Norman Campus for $31.4M ($153,921/unit | $51,307/bed)

5/16/2024

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MHN

• Subcategory: MF: Student

• Tag: Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Sale: Single Property

Horizon Realty Advisors has sold The Flats at Norman, a 204-unit, 612-bed student housing community in Norman, Okla. Cardinal Group Investments acquired the asset for $31.4 million, financing the purchase with a $23.3 million loan from Metropolitan Life Insurance Co., according to Yardi Matrix information. That note matures in 2028.