Brookdale Acquires 8 Properties from NHI for $39M

Brookdale Senior Living (NYSE: BKD) dealmaking tendencies in late 2019 have carried over into 2020. The Brentwood, Tennessee-based senior housing owner and operator exercised its option to acquire eight assisted living communities in three states from National Health Investors (NYSE: NHI) for $39.26 million. The acquisition is the latest in a steady stream of deals for Brookdale dating back to October 2019, when the operator assumed ownership of an 18-property portfolio it previously leased from Irvine, California-based health care real estate investment trust HCP (NYSE: HCP) — now known as Healthpeak (NYSE: PEAK) — for $405 million.

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