We typically see Capital Funding Group in the financing side of the business, boasting a steady stream of agency and bridge loan closings of late. But CFG Capital Markets, its investment banking and securities subsidiary, has just announced they represented the seller in its disposition of two seniors housing communities operated by Oxford Senior Living. Located in Derby, Kansas (Wichita MSA), the 48-unit stand-alone memory care community was built in two phases in 2011 and 2013. The McKinney, Texas community features 73 units of assisted living and memory care, and only just opened in January 2017 at a cost of $15 million, or $205,500 per unit. Understandably, it is still in lease-up, at 40% occupancy. The buyer, American Housing REIT, retained Oxford as the manager under a long-term lease at a rate of 7.8%, plus annual escalators. American Housing is new to seniors housing, coming from the single-family home industry. They paid $28 million, or $231,400 per unit, for the two communities, and MidCap Financial provided the acquisition financing.