Brookdale 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.
Brookdale Senior Living should be bought at current levels, says JMP Securities JMP Securities believes that worries over Brookdale's 70 basis point, year-over-year drop in Q3 same-store occupancy were overdone. The firm thinks the company''s Q3 results were solid overall, and it reiterates a $46 price target on the shares.