Seattle & Northwest + Washington + Senior Housing | October 24, 2022

Oxford & Fortress Snag Senior Housing Portfolio in Sequim

Oxford Capital Group, LLC in a joint venture with Fortress Investment Group, LLC, has acquired the Sherwood Portfolio, a trio of senior housing properties totaling 256 units in Sequim, WA. The seller was a private independent family operator. Terms of the transaction were not disclosed.

“We are excited to continue to expand our senior housing silo as we assemble a portfolio of properties throughout the U.S. and Canada,” said Oxford CEO John Rutledge.

“While most institutional investors focus on high-end development in urban centers, our strategy is to buy overlooked mid-market properties which are dependable, comfortable and affordable,” added Oxford Living President Lawrence Cummings.

Located about 65 miles northwest of Seattle, Sequim is a regional retirement mecca known for its favorable climate and scenic vistas. The Oxford and Fortress venture will invest over $8 million in enhancing the properties, with plans for a significant expansion of the portfolio’s assisted living and memory care offerings.

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About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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