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Harrison Street has entered into a series of deals in which it has agreed to purchase 24 senior housing assets and sell 14 medical office properties for a total transaction value of $1.6 billion. These deals reach across eight states and consist of 40 properties with multiple sellers and counterparties. 

Harrison Street has agreed to acquire a portfolio of 24 Class A senior housing properties focused on assisted living and memory care consisting of 2,195 units across California and Nevada for approximately $1.2 billion. Twelve properties were acquired from Healthpeak Properties and are operated by Oakmont Management Group. The remaining 12 properties are owned by Gallaher Cos., also operated by Oakmont, and many are either recently completed or currently under construction.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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