In 2007, 12 Oaks formed a venture company to acquire a senior living community in Baytown, Texas for 12.3 million dollars. The community offered 90 Assisted Living units ( Type A license) and 14 AL units (Type B). 12 Oaks recognized an opportunity to expand and remodel the existing community, create a more profi table service model, increase annual net operating income then sell for a profit.
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