Orlando Firm to Buy Five Senior Living Communities for $84M

By GlobeSt News Hub

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ORLANDO-CNL Properties Trust is planning to purchase five senior living properties for $84 million from subsidiaries of Primrose Retirement Communities LLC. The properties include Mansfield Senior Living in Mansfield, Ohio, Marion Senior Living in Marion, Ohio, Sweetwater Senior Living in Billings, Montana, Grand Island Senior Living in Grand Island, Nebraska, and Casper Senior Living in Casper, Wyoming.

Primrose will continue to operate the communities. The deal is scheduled to complete in Q1 2012. For the full story, go to Orlando Business Journal .

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Categories: Southeast, Southwest, West, Senior Housing, Acquisitions/Dispositions, Sales, Scope, Orlando