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New Senior Investment closes $186M sale of 6 properties in Q4'17

New Senior Investment Group said it completed the sale of six triple-net-leased properties for $186.0 million to LCS Dallas II LLC during the fourth quarter of 2017, registering a $42.3 million gain, net of selling costs.

Among the properties that the healthcare real estate investment trust divested, four were continuing care retirement communities, while the remaining two were an independent living and an assisted living/memory care asset. The group also terminated its related lease with LCS, according to a release.

New Senior repaid $98.1 million of debt in connection with the sale.