TULSA, OKLA. — Dallas-based brokerage firm The Multifamily Group (TMG) has arranged the sale of Heatheridge Assisted Living, an 87-unit seniors housing property located just outside the downtown Tulsa area. Built in 1990, the property offers one-bedroom units with four different floor plans and amenities such as a laundry room, entertainment room, outdoor courtyard and full-service salons. Jon Krebbs of TMG brokered the deal. The buyer and seller were not disclosed.
OKLAHOMA CITY — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a 52-unit assisted living and memory care community in Oklahoma City. The sale was part of a larger portfolio of more than a dozen geographically disparate, older-vintage communities that Blueprint is brokering for a national developer and investor. Opened in 2000, the was 99 percent occupied but “stood to benefit from a refresh to sustain and further drive operating performance,” according to Blueprint. A regional owner-operator acquired the asset for an undisclosed price. Giancarlo Riso, Amy Sitzman …
FORT WORTH, Texas — Sagora Senior Living, a Fort Worth-based operator, has taken over management of 17 senior living communities across Alabama, Florida, Nebraska, Oklahoma and Texas. Sagora expands its footprint in Vero Beach, Florida with the addition of two new communities: Heron Cove Assisted Living and Memory Care and Heron Point Independent Living. Both communities are located less than 10 miles from The Brennity of Vero Beach, another Sagora community. Sagora also recently opened Lynridge of Huntsville Assisted Living and Memory Care, expanding the operator’s Lynridge brand to a …
OKLAHOMA — Blueprint Healthcare Real Estate Advisors has negotiated the sale of seven skilled nursing facilities in Eastern Oklahoma. The seller was Birchwood Healthcare Partners, a Chicago-based private investor and owner-operator. A Missouri-based operator acquired the assets for an undisclosed price. The portfolio comprises 561 total licensed skilled nursing beds. The regionally clustered portfolio also benefited from the recent Medicaid rate increases and steady census rebounds, according to Blueprint. As part of the marketing, Blueprint cited attractive assumable HUD debt on select facilities, proof of concept and improved performance tracking …
TULSA, Okla. — Blueprint Healthcare Real Estate Advisors has negotiated a new tenant a vacant seniors housing asset in the Tulsa area. The owner, a national REIT, is seeking to convert the asset into a behavioral health property. Ultimately, a large regional substance abuse and inpatient mental healthcare operator was selected as the ideal tenant for the asset based on lease terms and execution capability, according to Blueprint. Andrew Sfreddo, Shane Harmon and Gunnar Raney led the Blueprint team.
CARROLLTON, Texas, and OKLAHOMA CITY — Surpass Senior Living has taken over management of The Gardens at Quail Springs in Oklahoma City and Carrollton Gardens in Carrollton. Surpass Senior Living is a subsidiary company of McFarlin Group LLC, a Dallas-based private equity firm focused on the senior living industry and the owner of the communities. Further details were not disclosed.
OKLAHOMA — Evans Senior Investments (ESI) has arranged the sale of a 95-bed skilled nursing community on behalf of a private owner-operator. The facility is located 85 miles south of Oklahoma City. The buyer was a private investor from the West Coast that has a long history of skilled nursing operations and property ownership. Subsequently, the new owner enlisted an operator from the surrounding area that aims to expand its footprint within the state of Oklahoma. Further details were not disclosed.
TULSA, Okla. — Blueprint Healthcare Real Estate Advisors has brokered the sale of a 110-unit assisted living and memory care community in Tulsa. The community opened in late 2017 offering high-end design and finishes, Class A amenities, and a diverse unit mix. Despite some early traction, performance stalled going into, and through, the COVID-19 pandemic before showing signs of resurgence in the last 12 months. A national investor and its operator, both based in Seattle, sold the asset for an undisclosed price. The buyer was a growing operator with roots …
BROKEN ARROW, Okla. — JLL Capital Markets has arranged the sale of Prairie House, a 105-unit assisted living and memory care community in the growing Tulsa suburb of Broken Arrow. JLL represented the seller, Prevarian Senior Living, and procured the buyer, TUL ALF 3 LLC. Legend Senior Living, an affiliate of the buyer, will operate the community. The price was not disclosed. Prairie House features 73 assisted living units, ranging from studio to two-bedroom units, and 32 studio memory care units. The property was built in 2016. The community is part …
BROKEN ARROW, Okla. — Berkadia has arranged $16.7 million in financing for Prairie House, a 105-unit assisted living and memory care community in Broken Arrow, a suburb of Tulsa. Chris Cain and Rafael Nobo of Berkadia Seniors Housing & Healthcare secured the acquisition financing through Fannie Mae on behalf of the buyer, Wichita-based Legend Senior Living. The 10-year loan features a 5.68 percent interest rate, 30-year amortization schedule and 65 percent loan-to-value ratio. Prairie House was built in 2016 and features 73 assisted living units and 32 memory care units.
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