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Stock Market & Financial Investment News

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January 15, 2013
07:03 EDTBKDBrookdale Senior Living announces acquisition and financing transactions
Brookdale Senior Living announced that it has recently completed the acquisition of 12 communities with a total of 871 units for an aggregate purchase price of $162.1M, plus customary transaction expenses. The communities had previously been operated by the company under long-term leases that were accounted for as either operating or capital leases. In a related transaction, the company obtained a $171.3M first mortgage loan secured by nine of the Company's communities, including eight of the recently-acquired communities.
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