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Brookdale Senior Living sells 2 communities in Q2

Brookdale Senior Living Inc. said in its second-quarter earnings release that it sold two owned communities totaling 230 units during the quarter for $9.6 million in cash proceeds, net of associated debt and transaction costs.

During the same period, the seniors housing community operator terminated the lease on seven communities totaling 538 units.

As of June 30, five communities were classified as held for sale, the company noted, adding that it transitioned management on 26 net communities to new operators during the second quarter.