HEALTH CARE PROPERTY INVESTORS BUYS 12 ASSETS FROM AEGIS AND OAKMONT
By Murray W. Wolf
Health Care Property Investors Inc. (NYSE: HCP) has acquired 12 independent and assisted living facilities in Washington, California and Nevada from Redmond, Wash.-based Aegis Living LLC and Santa Rosa, Calif.-based Oakmont Senior Living LLC. The acquisition includes 10 Aegis and two Oakmont properties.
HCP acquired the assets for about $257 million in cash, including about $52 million in assumed debt, in a sale/leaseback transaction. Aegis will continue to operate the properties.
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