Oxford Capital Group has acquired the Carefree Portfolio, 11 senior housing properties totaling 489 units in the Minneapolis area and northern Minnesota. An affiliate of Oxford acquired the properties from an independent operator. Oxford’s senior housing management affiliate, Oxford
Living US, LLC, will manage the properties. Terms of the transaction were not disclosed.
“While most institutional investors focus on high-end development in urban centers, our strategy is to buy overlooked mid-market properties which are dependable, comfortable and affordable,” said Lawrence Cummings, Oxford Living president. “We have been warmly received by the resident community in the properties we are acquiring, as well as by the civic leadership in the Minnesota markets in which we are investing. We look forward to continuing to fulfill the properties’ mission to serve their residents and surrounding communities.”
The 11-property Carefree Portfolio totals 489 units
