Senior Housing Properties Trust Announces the Sale of Four Properties

By Business Wire,  May 16, 2019, 08:00:00 AM EDT

NEWTON, Mass.--(BUSINESS WIRE)-- Senior Housing Properties Trust (Nasdaq:SNH) today announced that it has sold four properties for an aggregate sales price of $24.1 million.

The four properties include:

  • A two-story, 15,647 square foot medical office building, or MOB, located at 9025 Grant Street in Thornton, CO.
  • Three skilled nursing facilities located in Van Nuys, CA, LaSalette, CA and Thousand Oaks, CA, with a total of 276 units.

The sales were part of SNH'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.

Senior Housing Properties Trust is a Real Estate Investment Trust, or REIT, which owns medical office buildings, senior living communities and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq:RMR), an alternative asset management company that is headquartered in Newton, MA.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190516005179/en/

Source: Senior Housing Properties Trust

This article appears in: News Headlines

Referenced Stocks: RMR, SNH

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