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Plains Commercial Negotiates Sale of Three-Building Skilled Nursing Portfolio in Oklahoma

TULSA and CUSHING, Okla. — Plains Commercial has arranged the sale of three skilled nursing facilities in Tulsa and Cushing.

The portfolio totals 243 licensed beds. Two of the buildings were built in the 1960s and 1970s, and had undergone extensive renovations in recent years. The third was built in 1997.

The portfolio was legacy owned, having been very rarely available on the market in its operating history. The seller is a local operator that sought to exit the industry. The buyer is one of the largest skilled nursing operators in Oklahoma. The price was not disclosed.

Daniel Morris with Plains Commercial handled the transaction.

The post Plains Commercial Negotiates Sale of Three-Building Skilled Nursing Portfolio in Oklahoma appeared first on Seniors Housing Business.

Source: Senior Housing Business

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