BIG DEAL MONDAY

In a transaction our firm was pleased to represent the seller in, CNL Lifestyle Properties, Inc. sold 37 of its senior living communities to Senior Housing Properties Trust.  The portfolio consisted of approximately 3,500 units with a mix of independent living, assisted living and memory care.

NorthStar Healthcare Income, Inc. has agreed to acquire fifteen (15) continuing care retirement communities (CCRCs) from Fountain Senior Living Holdings for roughly $640 million.  The portfolio contains approximately 3,637 units, with six of the communities having entrance fees and the balance being rental.

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