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Senior Housing Properties details $26M of portfolio sales

Senior Housing Properties Trust wrapped up the sale of its 13-asset Reliant Medical Group portfolio in Massachusetts for $18 million.

The healthcare real estate investment trust also completed its sale of a 15-facility skilled nursing portfolio for $8 million. The portfolio consists of 10 properties in Nebraska, four assets in Iowa and one facility in Kansas.

The company will use the net proceeds for debt repayment and general business purposes.

The transactions were part of the REIT's plan to sell up to $900 million of assets in connection with the restructuring of its business arrangements with Five Star Senior Living Inc.