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NEWTON, MA—A day after New Senior Investment Group announced a 17-property portfolio acquisition, Senior Housing Properties Trust has revealed an even larger one. The Newton, MA-based REIT said Tuesday it will buy 38 senior living communities from CNL Lifestyle Communities for approximately $790 million, including the assumption of debt. Eighteen of the communities are leased to six senior living operators, while the remaining 20 are managed by operators on CNL’s behalf.

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