We are proud to share the successful sale of MorningStar at River Oaks, a 112-unit senior living community located in the prestigious River Oaks neighborhood of Houston, TX.

Executed in partnership with Ovation Group and MorningStar Senior Living, this investment reflects the value of institutional-quality development combined with strong demographic demand in one of Houston’s most affluent submarkets.

What we saw: A high-income, supply-constrained market with growing demand for premium senior housing and favorable long-term demographic trends.What we built:A best-in-class senior living community offering assisted living and memory care residences designed to provide exceptional care and hospitality for residents and families.

How we invested: We participated alongside Ovation as a co-GP investor, creating strong alignment throughout the lifecycle of the investment.

What happened:

• Successfully navigated a challenging lease-up environment
• Occupancy increased to more than 87% prior to marketing the asset for sale
• Operating performance continued to improve as occupancy ramped
• Successfully executed a sale to a large institutional asset manager

Why it worked:

• Prime infill location in the River Oaks submarket
• Institutional-quality development alongside best-in-class partners
• Strong long-term senior housing fundamentals and demand drivers
• Experienced operating platform focused on resident experience and care

This transaction represents the type of investment we continue to pursue —high-quality real estate in fundamentally strong markets with experienced operating and development partners. Grateful to Matthew Turner (Ovation Group) for a strong partnership throughout the investment.

If you would like more information on Oakwood Real Estate Partners, please contact info@oakwoodre.com or 303.595.7668.