DALLAS, Jul. 10, 2023 - JLL Capital Markets announced today that it has arranged the sale of Prairie House, a 105-unit assisted living and memory care community located in the growing Tulsa suburb of Broken Arrow, Oklahoma.
JLL represented the seller, Prevarian Senior Living, and procured the buyer, TUL ALF 3, LLC. Prairie House will be managed by Legend Senior Living, an affiliate of the buyer.
Prairie House consists of 73 assisted living units, ranging from studio to two-bedroom units, and 32 studio memory care units. Built in 2016, the facility features extensive common areas for the use and enjoyment of residents and visitors, including two landscaped courtyards, activity rooms and spacious lounges.
Located at 2450 N Stone Ridge Dr., the property is well situated with frontage on East 61st St. South on a site that is part of the 40-acre Ascension St. John Broken Arrow Hospital campus. The property is the only senior living facility developed in collaboration with St. John Broken Arrow, giving residents unmatched access to both preventative and acute care.
The JLL Capital Markets team was led by Managing Director Charles Bissell with support from Analysts Zach Brantley and Hope Brunner.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
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Jones Lang LaSalle Inc. published this content on 11 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 July 2023 14:04:34 UTC.
