Apex Student Living @ Perkins

1822 N Perkins Rd Stillwater, Oklahoma

This is your opportunity to participate in the ownership of a 234 unit & 732 bed student housing community located adjacent to Oklahoma University in Stillwater, Oklahoma.

The Plan: The property has been rebranded as part of the General Partner’s Apex Student Living property portfolio. You can expect an upgrade to the units including appliances, countertops, cabinetry, flooring and carpeting. The best part of the upgrade? There will be smart technology implemented which will allow students to control their units and access through their mobile phones, and allow management to effectively manage the buildings to reduce operational costs. Approximately 20-25% of the upgrades will happen in year one and leased at premium rates upon turnover. Additional communal spaces are also expected to be added such as an outdoor lounge, hammock garden, fire pit, and a dog park.

Join Waitlist

*Cash flow, if any, shall be distributed as and when determined by the General Partner, but no less than quarterly. For this property, there is  20+ Owners’ Day projected.

The Gram 📷

the highlights ✨

  • The property is located 1.8 miles from Oklahoma State University which is a five minute drive to campus and provides easy access to Downtown Stillwater.
  • The property amenities include a resort-style swimming pool with a cabana, spa, fitness center, a clubhouse/leasing office, computer room, billiards table, volleyball court, movie theatre, basketball court, study rooms, and is on the OSU shuttle bus line.

WHY WE LIKE THIS PROPERTY 👍

About Neightbourhood

  • Power 5 Conferences: A Power 5 university, Oklahoma State University is among the elite in college football. The Power 5 conferences are part of the Football Bowl Subdivision (FBS) of NCAA Division I, the highest level of American collegiate football.
  • USA Today College named Stillwater one of the 25 best small college towns in the country.
  • Located only 60 miles from Oklahoma City and Tulsa.

About Real Estate Market

  • In Oklahoma State University, off-campus student housing properties are currently 98.4% occupied with no beds scheduled for delivery.
  • Rent has grown 6% above current in-place rents since August 2020, demonstrating a continually increasing demand for off-campus student housing.

Location 📍

Click here to view location on Google Maps

General Partner Type 🤝

GP Types - OG

OG

These General Partners have 10+ years of experience and/or have owned and operated real estate in excess of $80M+ in asset value. These partners are seasoned in the industry and have a track record of successfully managing large-scale real estate projects (Learn more).

Meet The General Partner 👋

Axela Group is a national development, construction and property management firm based in Connecticut. With 30 years of industry experience, Axela operates in a wide range of diverse market segments, including a myriad of both residential, student housing and commercial properties.Axela Group’s portfolio value is estimated to exceed $250 million and continues to expand every year. With a focus on continuous expansion, their nationwide portfolio encompasses over 1,000 residential suites, over 800 student housing beds and over 1M square feet of commercial space.Their experience spans over several different niches, from specialized redevelopments and conversions, to specially tailored ground-up construction and delivering highly focused property management . They have made it their mission to create the most significant and positive impact for their partners, clients and communities.

The Investment Type 💰

Value-Add Opportunistic Investment Type

Value-Add

Risk profile: 

Moderate to high

Investor type:

For investors willing to take on more risk to achieve high returns and are willing to wait longer before they begin receiving returns for their investment.

What defines the risk level?  

A Value-Add investment often has little to no cash flow at acquisition but has the potential to produce a tremendous amount of cash flow once the value has been added (for example physical upgrades, better management, added services or more effective marketing).

What our members are saying 📣

“It was an easy way to invest some funds in real estate that I would normally not be able to afford on my own. It’s great to be part of something that is creating a new way of investing.”

Klaus / Toronto, ON

“My wife and I are excited to have discovered addy, and invested in a Starbucks location nearby — it’s nice to be able to participate in owning commercial real estate without putting up a bunch of money, and knowing we can drive by it anytime makes it more fun than buying stocks!” 

Shawn / Nanaimo, BC

“This is God sent, if you ask me. A chance to own a slice of commercial properties all over the country. An opportunity I otherwise wouldn’t have had had it not been for addy. I can’t thank addy enough. I eagerly await for addys to drop and with each investment, I know I’m actively improving my financial future.”

Jocelyn Armah / Google Review

How Do You Make Money?

You can make money in 2 ways:

  1. Sale of the Property: When the property is sold, any appreciation is paid back to investors in addition to their investment principal.
  2. Rental Income: When tenants pay rent, additional cash flow can be passed back to investors in the form of a distribution.

Details are outlined in the Offering Memorandum for each property.

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