OAKDALE CAPITAL

Vintage Yield
Multifamily
Real Estate

Most investors chase new construction and Class A assets. We see a better risk-adjusted opportunity in vintage multifamily — naturally affordable properties where mispricing creates durable yield. It's conviction over consensus, and it's how we deliver outsized returns while preserving workforce housing.

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Oakdale Capital acquires well-located 1970s–2000s apartment communities across the Midwest and Southeast, where disciplined operations and thoughtful capital investments create durable income and attractive total returns.

Our Approach

Vintage Yield Multifamily

Oakdale's investment process is grounded in four main foundational pillars--that when followed consistently, lead to durable outsized returns over time.

1

Market conviction

We target markets where vintage assets are structurally mispriced — not overlooked by accident, but misread by investors chasing newer product.

1

Market conviction

We target markets where vintage assets are structurally mispriced — not overlooked by accident, but misread by investors chasing newer product.

2

Operational fluency

Older assets carry complexity. We’ve built the systems, relationships, and experience to manage capital projects and deferred maintenance others walk away from.

2

Operational fluency

Older assets carry complexity. We’ve built the systems, relationships, and experience to manage capital projects and deferred maintenance others walk away from.

3

Disciplined underwriting

We underwrite to true cost, not optimistic assumptions. Patience is a strategy. We’d rather pass on a deal than force yield where it isn’t.

3

Disciplined underwriting

We underwrite to true cost, not optimistic assumptions. Patience is a strategy. We’d rather pass on a deal than force yield where it isn’t.

3

Disciplined underwriting

We underwrite to true cost, not optimistic assumptions. Patience is a strategy. We’d rather pass on a deal than force yield where it isn’t.

3

Disciplined underwriting

We underwrite to true cost, not optimistic assumptions. Patience is a strategy. We’d rather pass on a deal than force yield where it isn’t.

4

Impact-aligned returns

Vintage assets are the market’s naturally affordable housing stock. Preserving them generates yield and community value — without subsidy, by design.

4

Impact-aligned returns

Vintage assets are the market’s naturally affordable housing stock. Preserving them generates yield and community value — without subsidy, by design.

How we're different

Data-Driven Process

Location and asset selection, underwriting, and asset management powered by rigorous data analysis

Data-Driven Process

Location and asset selection, underwriting, and asset management powered by rigorous data analysis

True Operator Mindset

Not just a financial sponsor, we take a bottom-up, hands-on approach to leasing, capex, and asset management

True Operator Mindset

Not just a financial sponsor, we take a bottom-up, hands-on approach to leasing, capex, and asset management

Consistent Outperformance

Demonstrated outperformance on multiple realized projects based on internally tracked benchmarks

Current Footprint

Expansion Markets

Expansion Markets

Current Footprint

Expansion Markets

Expansion Markets

Current Footprint

Expansion Markets

Expansion Markets

Target Markets

By the Numbers

We target select Midwest and Southeast markets where employment growth, population trends, and supply-demand dynamics support long-term multifamily performance — and where our operating experience and established networks gives us a sourcing and underwriting edge.

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Multifamily Investment volume

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Multifamily Investment volume

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Equity

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Equity

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Multifamily Investments [Since 2017]

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Multifamily Investments [Since 2017]

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Average project-level IRR

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Average project-level IRR

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Units

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Units

LEADERSHIP

Oakdale Capital unites institutional-quality leadership with an entrepreneurial edge, combining expertise in multifamily real estate investment with a strong foundation in operational excellence and market insight.

Will Thompson

Founder & CEO

Chris Apostal

Founder & CIO

Featured Projects

Pinecrest Apartments

313 Units – Workforce Housing Bloomington-Normal, IL

Projected IRR

58.6%

Cash on Cash Yield

6.8x

Equity Multiple

6.8x

Spring Creek Townhomes

136 Units – Workforce Housing , IL

Investor Contributions

$1,300,000

Investor Distributions

28 Months

Hold Period

28 Months

Highland Point

133 Units – Workforce Housing , Indianapolis, IN

Realized IRR

18.6%

Realized Equity Multiple

6.5 Years

Hold Period

6.5 Years

News and Insights

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Oakdale Capital

1222 W Oakdale Avenue

Chicago, Illinois 60657

Oakdale @ 2025. All rights reserved.

Past performance is not indicative of future results. Any reference to performance reflects historical data as of the stated date and may include both realized and unrealized investments.

Certain statements herein may constitute forward-looking statements and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially.

Keep up with Oakdale

Subscribe to our newsletter for the latest updates

Oakdale Capital

1222 W Oakdale Avenue

Chicago, Illinois 60657

Oakdale @ 2025. All rights reserved.

Past performance is not indicative of future results. Any reference to performance reflects historical data as of the stated date and may include both realized and unrealized investments.

Certain statements herein may constitute forward-looking statements and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially.

Keep up with Oakdale

Subscribe to our newsletter for the latest updates

Oakdale Capital

1222 W Oakdale Avenue

Chicago, Illinois 60657

Oakdale @ 2025. All rights reserved.

Past performance is not indicative of future results. Any reference to performance reflects historical data as of the stated date and may include both realized and unrealized investments.

Certain statements herein may constitute forward-looking statements and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially.

Keep up with Oakdale

Subscribe to our newsletter for the latest updates

Oakdale Capital

1222 W Oakdale Avenue

Chicago, Illinois 60657

Oakdale @ 2025. All rights reserved.

Past performance is not indicative of future results. Any reference to performance reflects historical data as of the stated date and may include both realized and unrealized investments.

Certain statements herein may constitute forward-looking statements and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially.

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