(To read more on the multifamily market, click here.)
NEWTON, MA-Senior Housing Properties Trust has inked a$31.2-million deal to acquire three senior living properties inGeorgia and Mississippi, bringing the REIT's total seniorhealthcare holding to 196 properties in 33 states.
Tim Bonang, manger of investor relations for the locally basedREIT, tells GlobeSt.com that the properties, located in Savannah,GA, and Oxford and Southhaven, MS, presented a long-termopportunity to grow occupancy rates at the facilities, which arebetween 93% and 100% occupied. "We think they're verywell-positioned in good markets," he says.
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