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The Carlstone Independent Living Sale
MIG sold an 80+ unit Norman senior living community to an operator pursuing assisted living conversion.
Overview
Montgomery Intermediary Group (MIG) facilitated the sale of an 80+ unit independent living community in Norman, Oklahoma. The newer-vintage property in a strong secondary market offered a value-add opportunity for an operator with the infrastructure to convert approximately half of the units to assisted living, broadening the community’s acuity mix and resident base. The seller engaged MIG to identify a qualified buyer capable of pursuing this strategy while maintaining service quality for existing residents.
Results
Through its network of regional and national senior housing owners and operators, MIG identified a qualified buyer with the operational infrastructure to execute an independent living-to-assisted living conversion. The community was acquired by an experienced multi-state senior living operator with a growing portfolio across the Midwest and Great Plains.
Conclusion
This transaction highlights MIG’s ability to match sellers with operators positioned to unlock value through acuity repositioning. MIG connected a newer-vintage property in an attractive secondary market with a buyer equipped to pursue the conversion while maintaining service quality for existing residents.
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