SENIOR HOUSING PROPERTIES TRUST AGREES TO BUY 27 BUILDINGS IN 12 STATES
By John Mugford
When Seniors Housing Properties Trust was spun out of HRPT Properties Trust in 1999 as a publicly traded healthcare real estate investment trust (REIT), it retained the right of first refusal on a number of medical properties that HRPT – now known as CommonWealth REIT – retained.
In recent weeks, Newton, Mass.-based Senior Housing Properties Trust (NYSE: SNH) took advantage of that arrangement and entered into 20 separate agreements to acquire 27 medical buildings in 12 states from CommonWealth REIT (NYSE: CWH), and a number of its affiliates.
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