News

The REIT is partnering with Macquarie Infrastructure Partners through an OpCo-PropCo partnership.

AEW Capital Management of Boston acquired the portfolio's 28 Texas-based properties, while funds managed by The Blackstone Group of New York City purchased the portfolio's 68 properties located in 10 high-growth markets across the United States.

The Shepherd senior living communities are located in Savannah, GA and Madison AL, totaling 208 units.

The portfolio consists of 2,200 units within 72 assets across 16 cities in Finland.

The deal has an enterprise value of $152.25 million. The acquisition, which is expected to close in October, includes a substantial corporation tax value of more than $13 million.

According to the terms of a plea agreement, the federal government will recommend Lynch receive a jail sentence within the range of 46 to 57 months.

In conjunction with the bankruptcy filing, the internally-managed REIT reports it has entered a stalking horse equity and asset purchase agreement with an entity owned by funds managed by affiliates of Fortress Investment Group of New York City with a bid of $174.4 million.

The mayor in her address outlined her administration's efforts to identify more than $100 million in savings and efficiencies over the first 100 days and the work that remains to balance next year's budget.