Brookdale to Buy 17 Leased Senior Living Communities for $157M
Brookdale Senior Living will spend about $157 million to acquire 17 communities it currently leases and operates, with closing expected in the fourth quarter. The deal would raise expected owned units to about 77% and add 735 assisted living and memory care units. Brookdale also secured $249 million in fixed-rate financing from Fannie Mae to refinance $244 million of 2027 mortgage debt.
Coverage (3)
- Brookdale Senior Living spends $157 million to buy 17 communities it currently leases, manages (mcknightsseniorliving.com)
- Brookdale Announces Acquisition of 17 Leased Communities and Refinances All Mortgage Debt Maturities Until 2028 (prnewswire.com)
- Brookdale Senior Living to Acquire Real Estate of 17 Communities for $157M (seniorhousingnews.com)