Oakley Group

Thanks Birmingham Business Journal for the ink! We are actively looking to acquire more apartments in North Alabama and within a four hour reach of Birmingham, AL. #closingnews #grateful #teamwork

We are loving the Shoals area and have landed another jewel ? in the area! We’re thrilled to announce our purchase of:?Breckenridge Apartments, which will now be The Oakley at Spring Creek,?in Tuscumbia, Alabama!??? * Located at 107 Harrison Drive * 120 units - mix of spacious one-, two-, and three-bedroom homes built in phases from 2009-2016 * All units are four-sided brick and single story ?? The community includes an onsite office, pool, mini storage for residents, and a fitness center. Oakley took over the seller’s existing loan with First Metro Bank in the Shoals working with bank executives Greg Bowling and Scott Haataja. Oakley’s Executive Vice President Michael Krombach said, “We’re bullish on North Alabama and the Shoals area and are excited to get to work improving the resident experience at Breckenridge. Breckenridge was a distressed sale that we closed within 45 days of contract. Our priority there is developing relationships with current residents to ensure that their needs are met as we quickly begin work on our physical enhancements to the community. Providing residents a best-in-market experience drives our team.” Management will be handled by our trusted partners at?Arlington Properties, ensuring every resident experiences the best in care and comfort. We are thrilled to welcome The Oakley at Spring Creek into our portfolio!??? #TheOakleyGroup #TheOakleyAtSpringCreek #TuscumbiaAL #ShoalsLiving ??? #ComingHome

???Exciting News from The Oakley Group!??? We’re thrilled to announce the newest addition to our portfolio:?The Oakley at the Meadows?in Florence, Alabama!??? ? ???Located at 103 Meadows Place, this stunning community features: ??81 meticulously maintained, all-brick, one-story apartment homes ??Spacious 2-bedroom, 2-bath layouts at 1,250 sq. ft. each ??A pool, fitness center, clubhouse, and office ??The only certified storm shelter on-site in Alabama! ? Originally developed and self-managed by the previous owner, this 2016-built community reflects exceptional care and attention to detail. We’re honored to carry that legacy forward with first-class service and high-quality living for the wonderful people of the Shoals. ? As Florence native and founder David Oakley shared: "The Oakley at the Meadows is a great addition to our growing portfolio in the Shoals. This gives me another good excuse to ‘come home’! I love my hometown, our residents, and the future of the Shoals area." ? Management will be handled by our trusted partners at?Arlington Properties, ensuring every resident experiences the best in care and comfort. ? We can’t wait to bring our vision to life in this incredible community!??? #TheOakleyGroup #TheOakleyAtMeadows #FlorenceAL #ShoalsLiving #LuxuryApartments #ComingHome

Oakley Group recently acquired Pro-Park, a 96-unit multifamily community spanning 4.42 acres at 850 Professional Park Drive in Clarksville from Bert Singletary. The off-market acquisition includes three newly built three-story residential buildings totaling 103,630 square feet of rentable space. Pro Park represents an exciting opportunity to enter a dynamic market with a premier property aligned with our mission to drive strong returns through strategic management and branding. Completed in 2024, Pro Park offers spacious one- and two-bedroom units ranging from 879 to 1,200 square feet with high-end finishes, 9-foot ceilings, and in-unit washers and dryers. Thoughtfully designed floor plans include one-bedroom units with one-and-a-half baths and two-bedroom units with two full baths. The community’s amenities include a clubhouse, fitness center, swimming pool, 20 garages, and 64 storage units. At the time of the purchase, the property was 63 percent leased. Oakley Group plans to enhance the resident experience through property rebranding, landscape improvements, a new grilling area, and a community gathering space. Local firm?@nex_gen_mgmt?NextGen Management, a long-time partner of Oakley, has been selected to oversee the community’s property management, which has been renamed The Oakley at Pro Park. Tyler Mayo of the Cushman & Wakefield Multifamily Advisory Group in Nashville?@cushwake?brokered the sale, representing both sides of the transaction. Frank M. Lynch III with Synovus?@synovusbank?Commercial Real Estate Banking in Birmingham provided the bank loan for the transaction. We are grateful to have a dedicated investor base that believes in our vision, enabling us to act quickly when the right opportunities arise.?#clarksvilletennessee?#clarksville?#multifamily?#multifamilyinvesting?#weloveapartments?#apartmentlife?#investwithpurpose

Birmingham-based?Oakley Group, an experienced multifamily real estate investment firm, has acquired Summit at Hillcrest, a 104-unit apartment community totaling 114,400 net rentable SF on approximately 7.23 acres at 1601 Hillcrest Road in Mobile. CEO David Oakley said the property was purchased from Pacific Hillcrest LLC, a Delaware-based limited liability company, and listed by Marcus & Millichap, with brokers Josh Jacobs and Royce Emerson representing both sides. Oakley Group acquired Summit at Hillcrest with a Fannie Mae loan assumption with a 4.36% fixed rate, five years remaining on the term, and a loan balance of $7.95 million. The property consists of 14 two-story brick buildings on a low-density site with ample green space, a clubhouse, a pool house, and a fitness center, all built in 1982. Oakley Group said plans for the property include light enhancements such as new asphalt to common drives, exterior painting, landscaping, clubhouse upgrades, a new fire pit and grilling station, and modern upgrades to interiors. The one- and two-bedroom units’ square footage ranges from 950 to 1,250 per unit. Upon purchase, the property was 94% leased. Arlington Properties, which has a longstanding relationship with Oakley Group, has been retained as the management firm, according to Oakley Group.

Sold! We will miss you Country Oaks Apartments. We purchased this great community located in Hixon, Tennessee (Chattanooga MSA) back in December 2016. Our light value-add strategy positively impacted both our residents and the surrounding area. We wish the new owners all the best in this thriving submarket! A huge thank you to the professional broker team at The Kirkland Company for an outstanding job! Zac Wracher Dennis Harris Eric Hardesty The Kirkland Company #multifamily #justsold #roundtrip #weloveapts

Good progress with LEO at Cartersville, our 246-unit build-to-rent development in Cartersville, Georgia. #btr #sfr #development #apartment #investment #multifamily #housing

Can anyone do the math to see how many Marks it takes to fill up the pool? Mark is standing in the deep end! This pool will be ready for the summer fun for all our @reserveatwynwood residents! #SummerVibes #PoolParty

Exciting news from Oakley Group!? ?We're thrilled to announce the acquisition of Deerfield Place, a 110-unit property in Florence, AL. Sourced off-market by us, with financing from CommerceOne Bank, and a special connection as Florence is David's hometown. This marks our first venture in Florence – a testament to our bullish outlook on its growth. With plans to enhance amenities and interiors, Deerfield is a fantastic addition to our North Alabama portfolio. Let's make Deerfield Place the ultimate living destination together!? ?#OakleyGroup #NewAcquisition #FlorenceAL #RealEstateInvesting