The Collective Apartments in Norman Sold: Located at 1300 Steamboat Way, Norman, OK

admin  /   February 2022

Sale Price: $42,858,000

Sale Date: November 15, 2021

Size: 333,000 SF

Buyer: The Preiss Company, Raleigh, NC, and Crow Holdings Capital, Dallas, TX

Seller: Safanad, New York, NY, and Aspen Heights, West Lake Hills, TX.

Deal Commentary: The Preiss Co. and Crow Holdings Capital paid nearly $43 million to buy Aspen Heights Norman, a 192-unit, 684-bed student housing complex located near the University of Oklahoma campus. The property has since been rebranded as the Collective at Norman.

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