Griffin Capital Tulsa BTR DST
Griffin Capital Tulsa BTR DST is raising $23,520,998 in equity alongside $20,455,000 in debt to acquire the 138-unit Meadow+Main build-to-rent property in Jenks, OK. The asset was built in 2023, acquired for $37,250,000, and offers a projected full-term average income of 4.86%.
Offering price
$60.0M
Price / unit
$240,000
Units
250
Property age
12 yrs
Year-one distribution of 6.25% stepping to 7.20% by year seven.
The property
$37,250,000 acquisition price
Griffin Capital Tulsa BTR DST
build-to-rent community
The Meadow+Main property is newly constructed and was completed in 2023.
11131 South Kennedy Court, Jenks, Oklahoma 74037
11131 South Kennedy Court, Jenks, Oklahoma 74037
$37,250,000
100.0% of portfolio
Griffin Capital Residential Partners Institutional Property Exchange, LLC
Build-to-rent community
11131 South Kennedy Court, Jenks, Oklahoma 74037
138
The Meadow+Main property is newly constructed and was completed in 2023.
$43,975,998
$20,455,000
$23,520,998
46.5%
—
4.86%
—
—