Last Updated: May 10, 2005 10:54am ET

JER Sells Off Two Assisted-Living Portfolios

By Barbra Murray

MCLEAN, VA-JER Partners sells its 75% holdings in two assisted-living portfolios to joint venture partner Nationwide Health Properties Inc. The disposition of the 46 properties, which account for more than 1,550 units in 12 states, leaves JER with $121 million.

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