Senior Housing Properties Trust Announces the Sale of Four Properties
May 16 2019 - 8:00AM
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190516005179/en/
Michael Kodesch,Director, Investor Relations(617)
796-8234www.snhreit.com
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