Centennial Park Apartments will be located in Owasso, OK. This one-building community will consist of 56 multifamily senior apartment homes with rents affordable to households with incomes at or below 50% and 60% of area median income. The building will sit adjacent to another senior facility and will contribute to the growing senior-oriented community developing in the immediate area.
Community amenities include a community room, courtyard and picnic area, computer room, and an exercise room. In addition, local on-demand transit is available and will be beneficial to the targeted senior population.
While HKP has previously acquired one property in the state of Oklahoma, this will be our first newly constructed community in this state. The community will be funded primarily with a construction loan from Horizon Bank and a permanent loan from Cedar Rapids Bank & Trust.