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Senior Housing Properties sells 2 communities for $217M in March

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Senior Housing Properties sells 2 communities for $217M in March

Senior Housing Properties Trust sold two seniors housing communities in March for $217.0 million.

The healthcare real estate investment trust said it realized a gain of about $181.2 million from the sale of the properties, which were leased to Sunrise Senior Living LLC.

Senior Housing Properties also noted that it expects to realize a gain of roughly $80.0 million from its $96.0 million sale of another seniors housing community leased to Sunrise, with closing expected before the end of the second quarter.

Also in March, Senior Housing Properties agreed to sell one skilled nursing facility leased to Five Star for roughly $6.5 million. The company expects to realize a gain of about $3.0 million from the sale, which is expected to close before the end of 2018.