Oxford Capital Group has sold seven senior housing properties located throughout Ontario, Canada. The properties were part of a 15-property Ontario senior housing portfolio acquired by Oxford and its partners in two tranches in 2018 and 2019.
The total purchase consideration for the seven-property sale was C$70.8 million ($50.4 million). The properties were acquired by two separate buyers.
Oxford and its partners assembled the Ontario portfolio through the acquisition of 15 senior housing properties totaling approximately 1,100 units. The portfolio was managed by Oxford Living, Oxford’s wholly owned senior housing management subsidiary, in close collaboration with Oxford’s Canadian-based operating partners, which maintains dual headquarters in Chicago and Toronto. The remaining seven properties in the portfolio will continue to be managed by Oxford Living.
“This transaction represents another successful investment outcome for Oxford and its investment part
