8 of 9 Senior Communities Sell for $379M

Newton, MA-based Senior Housing Properties Trust (NYSE: SNH) closed on eight of the nine senior-living rental communities it agreed to buy from HBC Associates back in September.

The aggregate sales price topped $ 379 million, excluding acquisition costs, according to the company. The eight communities, largely located in Florida, total approximately 2.28 million square feet, for an average price per square foot of about $ 166. They include: 2480…
South Florida Commercial Real Estate News From CoStar Group