May 27th, 2010
Multifamily
In early May, Jim Parrack was named receiver for a portfolio of eight Tulsa properties that include, the Pomeroy, Southern Hills, the Magnolia, Savannah South, Brixton, Fulton, Salida Creek, and Cedar Crest in Owasso.
Price Edwards & Company was selected to manage the portfolio.
The properties all have significant management and operational issues that Price Edwards has begun to address.
Actions are being immediately implemented to preserve and improve the properties.
Price Edwards & Company manages 12 multi-family properties in Tulsa totaling nearly 1,500 units.
