Diversified Healthcare Trust Completes Sale of Senior Living Communities to Brookdale

MT Newswires Live

03/03

Diversified Healthcare Trust (DHC) said Monday it closed the sale of 18 triple-net leased senior living communities to Brookdale Senior Living (BKD) for $135 million, or about $154,000 per unit.

The company said it plans to use the proceeds to pay down its senior secured notes due in January 2026, leaving about $647 million of the notes outstanding.

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