Trending...
- FlyBright Pilot Academy Partners with Allegiant Air to Address the Pilot Shortage
- BEPeterson Building Engineering Partnerships
- NaturismRE, ANF, and GNA Stand United for Naturist Rights in Australia – A Call for Global Support
PITTSBURGH - PennZone -- SIMM Capital is excited to announce the acquisition and successful closing of Crosby Park Apartments, a 216-unit Class B apartment complex located in Lawton, Oklahoma. As part of SIMM Capital's comprehensive value-add strategy, the property will undergo a rebranding and will now be known as Bison Ridge Apartments, a name that reflects the new ownership and commitment to enhancing the property for current and future residents.
Bison Ridge Apartments is strategically located near local shopping, dining, and major employers, including Fort Sill. The community currently offers amenities such as a swimming pool, fitness center, and clubhouse, but SIMM Capital sees significant potential for further improvement. The firm has developed a robust business plan that focuses on value creation through strategic renovations and amenity upgrades.
"We are thrilled to bring Bison Ridge Apartments into our portfolio and execute our value-add business plan," said Mathew Simmons, CEO of SIMM Capital. "Our goal is to enhance the living experience for residents by renovating the remaining units, adding new amenities such as dog parks, and improving overall property management. Through these efforts, we aim to stabilize the property at 90%+ occupancy and provide high-quality, affordable housing in the Lawton market."
More on The PennZone
Key components of the value-add strategy include:
This acquisition is part of SIMM Capital's broader strategy to invest in Class B multifamily properties in emerging markets, where strategic renovations and operational improvements can unlock significant value.
More on The PennZone
About SIMM Capital SIMM Capital is a private real estate investment firm specializing in the acquisition, development, and management of multifamily properties across the United States. The company focuses on value-add opportunities, revitalizing communities, and delivering long-term value for investors and residents alike.
For more information, please contact:
Mathew Simmons
CEO
SIMM Capital
Phone: 412-314-2001
Email: mat@simmcapital.com
Website: https://www.simmcapital.com
Bison Ridge Apartments is strategically located near local shopping, dining, and major employers, including Fort Sill. The community currently offers amenities such as a swimming pool, fitness center, and clubhouse, but SIMM Capital sees significant potential for further improvement. The firm has developed a robust business plan that focuses on value creation through strategic renovations and amenity upgrades.
"We are thrilled to bring Bison Ridge Apartments into our portfolio and execute our value-add business plan," said Mathew Simmons, CEO of SIMM Capital. "Our goal is to enhance the living experience for residents by renovating the remaining units, adding new amenities such as dog parks, and improving overall property management. Through these efforts, we aim to stabilize the property at 90%+ occupancy and provide high-quality, affordable housing in the Lawton market."
More on The PennZone
- Relentless 2800 Challenge: A 40-Day Team Fitness Journey Launching for Lent 2025
- Super Locksmith In Tampa Florida
- Super Locksmith Saint Petersburg
- Exeter Smiles in Reading Enhances Orthodontic Care with DIBS AI Technology
- Maryland Bill Aims to Curb Mental Health Youth Transport Abuses
Key components of the value-add strategy include:
- Renovation of Remaining Units: SIMM Capital will update the remaining apartment units with modern finishes, enhancing both comfort and appeal.
- New Amenities: The addition of dog parks will create a pet-friendly environment, improving community engagement and attracting pet-owning residents.
- Occupancy Stabilization: With targeted renovations and management improvements, SIMM Capital aims to stabilize occupancy at 90% or higher.
- Rebranding: The property's rebranding to Bison Ridge Apartments reflects the transition in ownership and underscores SIMM Capital's commitment to stabilizing and revitalizing the complex.
This acquisition is part of SIMM Capital's broader strategy to invest in Class B multifamily properties in emerging markets, where strategic renovations and operational improvements can unlock significant value.
More on The PennZone
- INDEPENDENT PRESS AWARD® announces the 2025 winners
- Evolution of an Outdoor Essential
- DAY Miner: Using AI to transform cryptocurrency mining, boost revenue by 30%
- Jazz Legend Bob Holz Nomination-New Album Honoring Larry Coryell
- Aterna AI Introduces Automated Investing Software for Entrepreneurs Focused on Reliable Growth
About SIMM Capital SIMM Capital is a private real estate investment firm specializing in the acquisition, development, and management of multifamily properties across the United States. The company focuses on value-add opportunities, revitalizing communities, and delivering long-term value for investors and residents alike.
For more information, please contact:
Mathew Simmons
CEO
SIMM Capital
Phone: 412-314-2001
Email: mat@simmcapital.com
Website: https://www.simmcapital.com
Source: SIMM Capital
0 Comments
Latest on The PennZone
- Kim Estes Returns as Master of Ceremonies for International Women's Day Gala for 2025
- Andre Kay Honored with Black Excellence Award by the Florida Panthers
- Wide range of dental care products at upto 40% discounted prices | DentistryDeal.com
- NaturismRE, ANF, and GNA Stand United for Naturist Rights in Australia – A Call for Global Support
- Volante of Hanover Expands with the Opening of Its Second Building, Introduces Assisted Living Services
- Double Ace Golf Transforms Golf Group Management with Easy Scheduling and Live Scoring
- Space Force Selects Nokomis for Advance Expeditionary Space Domain Awareness Contract
- Talent Concierge® Artists Agency and The Big Talk® Announce Game-Changing Partnership Challenging Status Quo in the Meetings Industry
- FlyBright Pilot Academy Partners with Allegiant Air to Address the Pilot Shortage
- BEPeterson Building Engineering Partnerships
- WonderDays: The Startup Disrupting the UK Gifting Industry
- RE1 Advisor Expands Services to Texas
- Uhland Pop Shop Launches February 11, 2025, Bringing Local Pride to Uhland, TX
- Partnerships to Launch Digital Entertainment Hub in China; $40 Million Investment into Global MOBA Digital Game Arena: NIP Group (Stock Symbol: NIPG)
- Sip Social Co. Brings Refreshing Energy to the Miami Marathon Finish Festival with FP Movement
- Purple Diamond Offers Stability Storage Capabilities to Ensure Product Integrity and Compliance
- Igniting Souls® and EOS Worldwide® Launch EOS Impact™: The Exclusive Publishing Collaboration for 850+ EOS Implementers
- Jennifer Eggers Releases Mastering the C-Suite to Prepare Leaders for the Highest Level
- Ceramic Liberty Unveils CL8Y: A Revolutionary Deflationary Memecoin Set to Redefine DeFi
- International Women's Day Gala to Celebrate Women's Achievements and Support Fire Survivors