Plains Commercial announced the sale of Hobart Living Center, a skilled nursing facility in Hobart, Oklahoma (Oklahoma City MSA). Built in the 1960s, the facility comprises 58 beds and sits on 3.7 acres. The seller is an Oklahoma-based operator that was looking to downsize its portfolio. The facility was sold to a regional operator with a geographic footprint in the area that was looking to grow. Daniel Morris of Plains Commercial handled the transaction.
In April 2022, Mr. Morris sold three skilled nursing facilities in Tulsa and Cushing, Oklahoma that consisted of 243 licensed beds. That seller was a local operator looking to exit the industry, while the buyer ended up being one of the largest skilled nursing operators in Oklahoma.
