Brazos Presbyterian Homes Inc. has purchased membership interest in Longhorn Village, a life plan community in Texas, Ziegler announced.

Ziegler’s Investment Banking Senior Living team served as exclusive advisor to BPHI, a not-for-profit corporation that owns and operates two communities in Houston, the firm said.

Longhorn, which sits on 55 acres, was previously sponsored by The Ex-Students’ Association of the University of Texas, an alumni association. It identified BPHI as the best candidate for affiliation last year.

The community has independent living, assisted living, 16 memory support assisted living suites and 60 skilled nursing beds.

The community, BPHI and the Texas Exes struck an agreement in July to transfer control of the village to BPH Holding Co., Inc. The transaction closed on August 1.

“We are confident in passing the baton to them knowing they will continue the mission and vision laid out by the Texas Exes and do an excellent job in caring for Longhorn Village’s current and future residents,” said Todd Maclin, president-elect of the board of directors for Texas Exes. “We are especially grateful to Ziegler and Brandon Powell for achieving excellent results, on short notice and under strict deadlines, when they represented Longhorn Village on our advance refunding at the end of last year.”