(To read more on the multifamily market, click here.)
BOSTON-Brentwood, TN-based American Retirement Corp will acquireeight senior-living communities for $138 million from an affiliateof Boston's Epoch Senior Living Inc. The deal is expected to closeby Dec. 15.
The sale will give American Retirement two communities inArizona and one each in Colorado, Georgia, Kansas, Minnesota,Nevada and Texas. Under the terms of the agreement, AmericanRetirement, which has already made a $5-million deposit on theproperties, agrees to assume certain operating expenses of EpochSLVI Inc.
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