(Read more on the multifamily market.)
CHICAGO-Senior Lifestyle Corp., based here, is purchasing ninesenior retirement communities from Wellstone RetirementCommunities, based in Georgia, says Pat Lee, vice president ofacquisitions for Senior Lifestyle Corp. His company is purchasingthe portfolio in a joint venture with Walton Street Capital LLC,also based in Chicago.
Wellstone is selling all of the retirement communities that theyown, which are located in Texas, Florida and Oklahoma, Lee says.Lee would not disclose the purchase price or a cap rate.
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