#United States #Minneapolis #Senior Housing #Oxford Capital #Carefree Portfolio

Oxford Capital Group Expands Its Presence in Minnesota's Senior Housing Market

In a significant move that underscores its commitment to expanding its footprint in the senior housing sector, Oxford Capital Group, LLC has officially announced the acquisition of the Carefree Portfolio, which encompasses eleven senior housing properties located in the greater Minneapolis area and northern Minnesota. This strategic acquisition comprises a total of 489 units and is part of Oxford's focused effort to assemble a diversified portfolio of senior housing properties across the United States and Canada.

The properties were acquired from an independent operator, adding to the company's growing presence in key markets. Oxford's senior housing management affiliate, Oxford Living US, LLC, will oversee the management of these properties, assuring that they meet the needs of current and future residents.

John W. Rutledge, Founder, Chairman, and CEO of Oxford Capital Group, expressed enthusiasm about the acquisition, stating, "We are excited to continue expanding our senior housing silo as we strategically assemble a portfolio of properties throughout the United States and Canada." He emphasized that the Minnesota acquisition aligns perfectly with their broader strategy. Oxford Capital has already made notable investments in multiple growing markets across the southeastern U.S., Pacific Northwest, and Canada, including notable locations in Florida and Ontario.

A Unique Approach to Senior Living

What sets Oxford Capital apart is its focus on mid-market properties that often get overlooked by institutional investors concentrating on high-end developments in urban centers. According to Lawrence Cummings, President of Oxford Living, their strategy targets properties that offer comfort, affordability, and reliability for residents. With over three decades of experience in seniors housing management, Cummings noted that their approach has been well received in local communities, and they are committed to enhancing residents' quality of life while contributing positively to the local economy.

The firm plans to invest several million dollars into the newly acquired properties, implementing enhancements and adding essential services where necessary. This investment aims not just to improve the living conditions but also to increase the overall value of the portfolio, ensuring sustainability and satisfaction among residents.

Insights on Future Plans

Oxford Living’s investment strategy is firmly rooted in the demographics of the markets it targets. The Carefree Portfolio is expected to flourish under the company’s management, as they bring a wealth of experience and a solid reputation in the senior housing domain. Cummings noted that they have been welcomed by both the resident communities and civic leaders in Minnesota, further affirming their plans to meet the needs of both residents and surrounding communities.

As Oxford Living continues to expand, it aims to build a robust portfolio of high-quality, private-pay senior housing that meets diverse needs across primary and secondary markets. The current acquisition in Minnesota places Oxford Capital in a strong position to make further similar investments in neighboring regions and other strategic markets.

In conclusion, Oxford Capital Group's acquisition of the Carefree Portfolio not only solidifies its position in the senior housing market but also establishes a foundation for future growth. The company’s dedication to enhancing the living experience for seniors underlines its broader commitment to community service and development, appealing to a growing demographic of older adults seeking affordable, high-quality housing options.