Diversified Healthcare Trust (Nasdaq:DHC) has completed the previously announced sale of four assets for a combined sales price of approximately $56 million. These sales include a portfolio of three senior living communities with a combined 599 units located in California for $47 million and a 70,229 square foot medical office property located in Austin, TX for approximately $8.8 million. These sales were part of DHC’s previously announced disposition plan to sell up to $900 million of assets in connection with the restructuring of its business arrangements with Five Star Senior Living Inc.
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Source: https://www.businesswire.com/news/home/20200402005783/en/Diversified-Healthcare-Trust-Completes-Sale-Assets-Combined