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Senior Housing Properties Trust Trades Medical Office, Skilled Nursing Portfolios for $26M

The company states that 10 of the skilled nursing facilities sold are located in Nebraska. Four skilled nursing facilities were located in Iowa and one skilled nursing facility is based in Kansas. The 13 medical office buildings properties are all situated in Massachusetts.

Part of Senior Housing Properties Trust’s existing portfolio includes Vertex Pharmaceutical’s headquarters at 50 Northern Ave. and 11 Fan Pier Blvd in Boston. Part of Senior Housing Properties Trust’s existing portfolio includes Vertex Pharmaceutical’s headquarters at 50 Northern Ave. and 11 Fan Pier Blvd in Boston.

NEWTON, MA—Locally-based Senior Housing Properties Trust, which is looking to sell $900 million in assets, reports today it has completed the sale of its Reliant Medical Group portfolio, which included 13 properties, for an aggregate sales price of $18 million and the sale of a 15-facility skilled nursing portfolio for a total sale price of $8 million.

The company states that 10 of the skilled nursing facilities sold are located in Nebraska. Four skilled nursing facilities were located in Iowa and one skilled nursing facility is based in Kansas.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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