Civitas Takes Ownership of Seniors Housing Asset

Civitas Senior Living has acquired the Oyster Creek Assisted Living and Memory Care, an 87-unit assisted living and memory care seniors housing complex in Missouri City TX, in the Houston metro. Fort Worth-based Civitas had been managing the property since April 1, 2017. The assessed value of the property is $5.5 million. The seller is listed as WB-OM AL Development I LLC.

Located at 3505 Farm-to-Market 1092, Oyster Creek has three floor plans, along with an activity program, housekeeping and laundry service. Options include private rooms, companion suites and studio and one-bedroom apartments.

“The need to provide loving and evidence-based care for residents with a dementia or dementia-type diagnosis is growing exponentially as the baby boomer generation enters their golden years,” said Civitas founder and CEO Wayne Powell. Oyster Creek now joins the list of cutting edge memory care communities within the Civitas family.”

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