Post Acute & Senior Living: SNH acquisition tops $790 million

Trust closed May 1 on 37-community deal with CNL Lifestyle Properties Inc.

By Erin E. Porter

Senior Housing Properties Trust (NYSE: SNH), a Newton, Mass.-based real estate investment trust (REIT), recently announced that it has closed on the acquisition of a $763 million portfolio containing 37 private pay senior living communities across 16 states.

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