mcknightsseniorliving.com

Brookdale to Buy 17 Leased Senior Living Communities for $157M

Brookdale Senior Living logoBrookdale Senior Living
Sig3.13Sen+4.27Env0.00Soc+0.78Gov+1.01

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.

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