CFG Capital Markets Brokers $28M Sale-Leaseback of Two Oxford Communities

The Oxford Grand, McKinney, Texas The Oxford Grand, McKinney, Texas

MCKINNEY, Texas, and DERBY, Kan. — CFG Capital Markets, a Baltimore-based investment bank, has arranged the sale of The Oxford Grand in McKinney and Glen Carr House in Derby for $28 million.

Oxford Senior Living, the communities’ operator, sold the two properties to American Housing REIT. Oxford will continue to operate the communities following the sale.

The Kansas property is a 48-unit, standalone memory care community in the Wichita suburbs. The property initially opened in 2011, with a Phase II expansion opening in 2013.

The McKinney property, located north of Dallas, features 73 units of assisted living and memory care. The property opened this past January and is currently 40 percent leased.

Oxford’s new long-term deal with American Housing REIT features an initial lease rate of 7.8 percent plus annual escalators.

Mike Coiro, Samer Tahboub and Mike Perkins of CFG Capital Markets LLC were the advisors on the transaction, representing Oxford. MidCap Financial provided the acquisition financing.

More News