Dallas-Based Developers Acquire Oklahoma City Apartment Complex
Chelsea Manor Apartments Set to Undergo Major Remodeling
Dallas, TX - A partnership controlled by Dallas-based developers Roger Gault of Gault Company and Robert Gunby of RTG Capital LLC has acquired a third multifamily property in Oklahoma City. Financial terms of the deal were not released. The garden style property, Chelsea Manor, is located at 6300 N. Meridian Avenue. The property was built in 1971 and consists of 187 units and 24 two-story buildings. The partnership plans a general upgrade of the buildings and units.
“This is our third multi-family acquisition in the Oklahoma City market” Gault said. “All three are properties that require significant rehab work. We are experienced with this type of vintage multi-family asset, and enjoy improving the properties and the living environment for our residents.”
Gault, a developer for three decades, and Gunby, who has led RTG Capital for a dozen years, have undertaken many multifamily rehabilitation projects as well as ground-up developments the past 10 years, including retail, hotel, office and industrial projects.