CASE STUDIES

Watersedge Apartments

Oklahoma City, OK

Beautiful exposed beams in the main office.

Details & Amenities

  • 2 Swimming Pools & Hot Tub
  • Fitness Center
  • Volleyball Court
  • Tennis Courts
  • 2 Beautiful Lakes
  • Fishing Deck
  • Lakeside Jogging Trail
  • Fishing Dock with Gazebo
  • Roommate Floor Plans
  • Washer and Dryer in every Apartment
  • Handicap Unit

Watersedge Apartments
4317 SW 22nd Street
Okla City, OK 73108
Phone 405-681-2339
368 Units


A serene community on the edge of all beautiful Okla. City has to offer. Watersedge is just around the corner from the city's renowned "Restaurant Row" boasting some of the city's finest dining and guest suites. Residents may relax by two lakes offering a private oasis, two swimming pools, and tennis courts. Convenience is being minutes away from everything. Just a short drive to downtown Okla. City’s Chesapeake Arena - home of OKC’s Thunder pro basketball team, Bricktown and the Bricktown Canal, the State Fairgrounds, Westgate shopping area and Outlet Malls of America, and many other popular attractions. The world is within reach with Will Rogers World Airport less than four miles away.

Watersedge Apartments is one of the three apartment complexes in the 1013 Properties acquisition. Cornerstone executed sales contracts for all three properties (Oxford Oaks, Watersedge, Gardens at Reding) on May 15, 2009. Closing was held on October 15, 2009, five months after contract execution. The Cornerstone team met or exceeded every timing benchmark committed to under the contract. The closing was actually three separate closings. Having each property financed under a separate loan was more difficult, but gave flexibility for the future. The portfolio consistently operates at 98% occupancy. The remodel was completed in 15 months, income was increased and expenses were decreased. Three contracts, a $53 million transaction, due diligence on 1,013 units, $9 million of equity, and three HUD loan approvals.