1818 East 71st Street

• HIGHLY DESIRABLE LOCATION
• Cascades at Southern Hills benefits from a premier South Tulsa location within one of the metro’s most established and affluent residential corridors. Residents enjoy immediate access to Tulsa Hills Shopping Center, featuring major retailers such as Target, Sam’s Club, Lowe’s, Southern Hills Country Club, and numerous dining and entertainment options, while the Arkansas River corridor, Riverside Drive, and the vibrant Brookside District are just minutes away.
• PROXIMITY TO MAJOR EMPLOYER HUBS
• The property is strategically positioned near major medical and employment centers, Oral Roberts University, and top-rated Jenks Public Schools, offering broad appeal to professionals, families, and students alike. Convenient access to the Creek Turnpike and Highway 75 provides seamless connectivity throughout the Tulsa metro, supporting strong resident demand and long-term marketability.
• DEFENSIVE WORKFORCE HOUSING INVESTMENT
• Cascades at Southern Hills 1985-vintage workforce housing community is positioned at an attainable price point that continues to attract consistent renter demand. The property’s affordability and broad resident appeal provide a defensive investment profile supported by stable occupancy and resilient market fundamentals.
• SIGNIFICANT REVENUE GROWTH POTENTIAL
• Current rents offer a compelling mark-to-market opportunity relative to renovated comparable properties in the submarket. Through targeted improvements and operational efficiencies, new ownership has the potential to capture meaningful rent growth.
• STRONG MARKET FUNDAMENTALS
• Tulsa’s multifamily market continues to benefit from strong fundamentals, supported by limited new supply, steady population growth, an expanding employment base, and favorable housing affordability. These factors have contributed to healthy occupancy levels and sustained rental rate growth, creating a favorable environment for long-term apartment investment performance.
• NO. 1 SCHOOL DISTRICT IN OKLAHOMA
• Jenks Public Schools is widely regarded as the premier school district in the Tulsa metro and was ranked the No. 1 Best School District in Oklahoma for 2026 by Niche. The district serves approximately 12,700 students and employs more than 1,700 faculty and staff, making it a
• significant regional employer and a key driver of residential demand among families seeking top-tier educational opportunities.
• ABUNDANT COMMUNITY AMENITIES
• Cascades at Southern Hills offers a comprehensive amenity package designed to enhance resident lifestyle and convenience. Community features include a swimming pool, outdoor BBQ and picnic areas, a sport court, dog park, and a 24-hour fitness center, providing ample
• opportunities for recreation, wellness, and social interaction. Additional amenities include a business center, on-site laundry facilities, and door-to-door trash collection, offering residents added convenience and functionality.
• OPERATIONAL SCALE DRIVES NOI GROWTH
• The property presents a value-add opportunity through the continuation of a proven interior renovation program and current rents offer meaningful mark-to-market potential relative to nearby renovated comparable properties. The property’s strategic location within the highly rated Jenks Public Schools district further enhances its appeal to a broad and stable renter base.
• SIGNIFICANT CAPEX INCLUDING NEW ROOFS
• The installation of new roofs in 2022, combined with common-area enhancements, including a fully renovated clubhouse, outdoor pergola, upgraded fitness center, improved landscaping and a new dog park that reduces near-term capital expenditure requirements and allows new ownership to focus resources on revenue-enhancing initiatives.

Property Description

Cascades at Southern Hills is a 1985-vintage multifamily community in South Tulsa, one of the most desirable submarkets, offering convenient access to the area’s premier retail, dining, employment, and recreation destinations. Situated near Tulsa Hills, the Arkansas River corridor, and the Brookside District, the property benefits from strong neighborhood demographics, excellent connectivity, and proximity to major employers, healthcare providers, and educational institutions. The property presents a value-add opportunity through the continuation of a proven interior renovation program and current rents offer meaningful mark-to-market potential relative to nearby renovated comparable properties. The property’s strategic location within the highly rated Jenks Public Schools district further enhances its appeal to a broad and stable renter base.