Brookdale Senior Living Inc. (NYSE: BKD) (“Brookdale” or the “Company”) announces that it recently completed the acquisition of the previously managed Brookdale Galleria community in Houston, Texas at a purchase price of $23.4 million, representing a substantial discount to replacement cost and an attractive per-unit cost for a high-quality real estate asset in a premier location. The 244-unit Independent Living and Assisted Living community is located directly adjacent to The Galleria shopping and entertainment complex and in an affluent submarket.
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Source: https://www.prnewswire.com/news-releases/brookdale-announces-acquisition-of-the-brookdale-galleria-community-302827956.html