BRADENTON, FL-An Ohio-based real estate investment trust has picked up a Lakewood Ranch assisted-living center for $30 million. The Sarasota Herald-Tribune reported that Health Care REIT purchased the Windsor at Lakewood Ranch from Stephen "Pete" Russell and Timothy Buchanan.
The newspaper reported that the previous owners will lease back the facility from the trust and will continue to manage it. Health Care REIT oversees a $14.9-billion portfolio nationwide. For the full story, go to Tampa Bay Business Journal .
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