Brookdale recently entered into a definitive agreement to acquire the real estate of 17 senior living communities that it currently leases and operates for a purchase price of approximately $157 million. The portfolio is comprised of 735 assisted living and memory care units in four states. Following the closing, Brookdale will continue to operate all 17 communities. Based on the Company’s current portfolio, this acquisition will increase Brookdale’s owned portion of consolidated units to 77%.
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Source: https://www.prnewswire.com/news-releases/brookdale-announces-acquisition-of-17-leased-communities-and-refinances-all-mortgage-debt-maturities-until-2028-302843997.html