Senior Housing Trust Buys $478M Portfolio

Senior Housing Properties Trust will acquire a portfolio of nine large senior living rental communities for $478 million. The communities, including apartments and suites are currently operated by Vi.

Following the closure, eight of the communities will be leased to a taxable REIT subsidiary of SNH and all nine will be managed by Five Star Quality Care. Vi was represented by Goldman Sachs on the transaction.

Click here for the release from Business Wire.