Police called to Tulsa apartment complexes amid ongoing ownership battle

Tulsa Police say officers were called to several apartment complexes, including One Eton Square, after employees from Vesta Realty and YSA Investments both reported for work.

According to police, Vesta employees arrived to find YSA representatives already inside the leasing office.

The dispute stems from a legal fight over ownership of 11 apartment complexes formerly owned by Vesta Realty.

Police Deferred to County Ownership Records

Tulsa Police said officers recognized YSA Investments as the property's owner because it is listed on Tulsa County records.

"We're dealing with employees of the companies who are just trying to do, in their mind, their job," Tulsa Police Capt. Richard Meulenberg said. "They were cooperative when we told them they can't be there, they left."

Meulenberg acknowledged the unusual nature of the situation.

"I will tell you, in the academy, we didn't have a class that specifically says you'll be embroiled in a billion-dollar issue with litigation and you'll have to make a decision on the street for that," he said.

Police said Vesta employees left the properties peacefully.

Management Company Urges Tenants to Continue Paying Rent

Capital Assets, the management company hired by YSA Investments, says it has staff at all 11 properties and is working to improve conditions for residents.

"Be patient, we'll work through the situation. I think it'll be resolved soon," Capital Assets President Greg Wright said.

Wright also encouraged tenants to continue paying rent under their lease agreements.

"The residents are under a lease obligation, and so I think the best move for them would be to pay the rent," Wright said.

Capital Assets also says it is offering positions to former Vesta Realty employees.

Vesta Owner Continues to Challenge Ownership

Vesta Realty owner Marc Kulick maintains ownership of the apartment complexes has not legally transferred to YSA Investments.

In a statement to News On 6, Kulick said:

"What we hope residents, the media, our investors, and any interested party understands is title can't be transferred with a self-help deed in lieu of foreclosure signed using someone's heavily disputed power of attorney. There have to be two sides to the transaction. YSA signed these deeds to themselves. No court in America has granted them the ownership of the properties. Thus why we currently have multiple lawsuits against them.

"YSA has never gone to an Oklahoma court and tried to exercise legal remedies to take possession of these properties.

"What YSA has done and continues to do is unfathomable. One city we own properties in yesterday agreed with us that only a court can mediate this dispute. The Tulsa County Sheriff's Office has requested that we get them proof of our position, which we are actively working to provide.

"Vesta is fully entrenched as management in every asset other than in Tulsa as it pertains to YSA. We have a hearing Monday in federal bankruptcy court about YSA's actions from this week.

"Our best advice to residents is to not pay rent in a highly contested situation with a resolution in hopefully short order. Obviously, depending on how the Monday court appearance goes, it will help us determine how to move forward regardless of whether that decision is good, bad or otherwise.

"One key reminder: Prior to YSA's second mortgages, which were done again using my power of attorney on Oct. 31, 2025, our company and our properties looked very different. These second mortgages stopped us from selling properties, refinancing properties, bringing in new investors, etc. This inability to recapitalize our properties was what precipitated a beyond atrocious 2026 for myself, my properties and my investors."

Capital Assets has advised tenants to continue paying rent under their existing leases, while Kulick is advising residents not to pay rent until the ownership dispute is resolved. The dispute remains the subject of ongoing litigation.

Residents Frustrated by Ongoing Uncertainty

Residents told News On 6 they are growing frustrated with the conflicting messages from both sides and want the ownership dispute resolved.

Tulsa Police said officers were also called to at least one additional property connected to the ongoing dispute. Police said the Vesta employees involved left peacefully.

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