Oxford West

Miami University
303 Units | 545 Beds

TSB Realty was engaged by an affiliate of Mica-Creek Sagamore to sell Oxford West via an off-market process directly approaching known buyers of value-add portfolios. TSB Realty secured multiple offers for the portfolio. However, the selected buyer of the portfolio decided to drop Oxford West from the portfolio at the end of their due diligence period. TSB Realty was able to replace the original buyer with one of the initial bidders immediately. The property was successfully sold in 2017 to an affiliate of RISE Real Estate, and they planned to continue, and enhance, the value-add renovations.

Property Summary 
• Garden-style apartment community consisting of 30 two- and three-story buildings
• Recently renovated and repositioned as student housing
• 303 Units | 545 Beds
• Year Built: 1965
• Deal closed: 2017

Property Amenities
• Located pedestrian to Miami University in Oxford, Ohio
• Newly renovated units include stainless steel appliances, private balconies and patios, and more
• Newly renovated clubhouse
• Swimming pool
• On-site management

Property Description
Ideally located near the Miami University campus, as well as popular bars and restaurants along High Street, Oxford West provides a popular and reasonably priced option to students. Residents can choose from 16 different floor plans, ranging from 588 square feet to 1,500 square feet per unit. Inside the recently renovated units, residents enjoy amenities such as stainless steel appliances, wood-like flooring, private balconies and patios, walk-in closets and 42-inch smart TVs. The community amenities include a newly renovated clubhouse, on-site management, swimming pool and more.