Diversified Healthcare Trust (DHC) said Monday it closed the sale of 18 triple-net leased senior living communities to Brookdale Senior Living (BKD) for $135 million, or about $154,000 per unit.
The company said it plans to use the proceeds to pay down its senior secured notes due in January 2026, leaving about $647 million of the notes outstanding.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.