Daniel Morris of Plains Commercial Real Estate kicked off his 2025 M&A activity by representing an institutional owner in its sale of an assisted living community in Edmond, Oklahoma. The seller was divesting because the community was an outlier in its portfolio, and it is focusing on core assets. The transaction closed approximately 10 weeks after signing the LOI.
Built in 1996, Oxford Springs Assisted Living comprises around 25 units with 29 beds, with the smaller size of the community creating operational challenges. There was a competitive bidding environment, with the ultimate buyer being a Texas-based operator that focuses on AL communities ranging in size from 25 to 60 beds. The buyer has an existing presence in Texas and Maine, with this being its first acquisition in Oklahoma.
