Brian Clark of Heavenrich & Company sold a pair of Oklahoma senior living communities for a price of $12.25 million, or just over $90,000 per unit. Located in Oklahoma City and Mustang, the communities were previously owned by Bridge Investment Group and total 135 units, including 113 assisted living, 16 memory care and six independent living units.
Both were built in the late-1990s and combined for 79% occupancy (all private pay) at the time of the sale. One of the communities also accepted VA residents. An undisclosed private equity firm emerged as the buyer and will look to improve operations and add value to the properties.
