Post Acute & Senior Living: NorthStar pays $640M for CCRCs

The REIT acquired 3,637 units from subsidiaries of Fountains Senior Living

By Erin E. Porter

New York-based NorthStar Healthcare Income Inc. recently entered a purchase and sale agreement and joint escrow arrangement for the $640 million purchase a portfolio of 15 continuing care retirement communities (CCRCs) with 3,637 units, according to a Form 8-K filing with the U.S. Security and Exchange Commission (SEC).

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