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HCP signs Atria as new manager for seniors housing portfolio

Healthcare real estate investment trust HCP Inc. transferred the management of a 24-property seniors housing community portfolio to Atria Senior Living Inc.

The portfolio was previously under the management of Brookdale Senior Living Inc. HCP is in the process of unwinding itself from Brookdale, including sales or changes in operation at many properties Brookdale currently operates.

The transitions will commence in March and be completed by September, subject to regulatory approvals.