Oklahoma

SHAWNEE, Okla. — Marcus & Millichap has brokered the sale of Belfair of Shawnee, a 31,000-square foot memory care property in Shawnee, a suburb of Oklahoma City. A limited liability company sold the asset to another limited liability company for an undisclosed price. Rod Llanos, a first vice president in Marcus & Millichap’s Houston office specializing in investment sales of seniors housing properties, had the exclusive listing to market the property on behalf of the seller. Steve Greer, Marcus & Millichap’s broker of record in Oklahoma, assisted in closing the …

TULSA and OKLAHOMA CITY, Okla. — Blueprint Healthcare Real Estate Advisors has brokered the sale of two memory care communities totaling 54 units in Tulsa and Oklahoma City. Built in 2015 and 2016, the communities were fully stabilized in 2018 and 2019, were resilient through the pandemic and sharply rebounded to near 100 percent occupancies at the time of marketing in mid-2022. The buyer was a Texas-based owner-operator focused on standalone memory care in the region. Blueprint also assisted the buyer with debt placement through an existing bank relationship. The …

OKLAHOMA CITY — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 38-unit memory care community in an affluent neighborhood of Oklahoma City. The seller was a private equity fund seeking to exit its only standalone memory care property. Built in 2010, the community had strong historical occupancy, but was negatively impacted by the COVID-19 pandemic and was in the early stages of a performance rebound. The community was positioned as a value-add opportunity for buyers to capitalize on the strong demographics and surprising scarcity of standalone memory …