WELLESLEY, MA-Benchmark Senior Living and Health Care REIT, a senior-living facility manager based in Ohio, have collaborated to acquire a portfolio of 34 Benchmark-branded housing communities spread across all six New England states for $890 million.
Australia-based GPT Group is the owner of the portfolio of which 13 facilities are located in Massachusetts. Benchmark will have a 5% stake in the portfolio comprising nearly 3,000 units and will remain as the manager of the facilities after the closing of the deal.For the full story, go to Boston Business Journal.
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