Brookdale Senior Living Inc. (NYSE:BKD) entered into an agreement to acquire seven seniors living communities from Chartwell Retirement Residences (TSX:CSH.UN) for $80.9 million on May 15, 2013. The purchase price for the portfolio will be $80.9 million and will be partially settled through the assumption by Brookdale of mortgage debt secured by the portfolio with an outstanding balance of approximately $60.6 million as of the date of this release. The balance of the ... purchase price will be paid in cash, subject to customary closing adjustments. Brookdale has completed its due diligence. The transaction is subject to regulatory and lender approvals and is expected to close in third quarter of 2013.
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Health Care REIT, Inc. (NYSE:HCN) along with Brookdale Senior Living Inc. (NYSE:BKD) acquired 11 senior housing properties for approximately $270 million in the fourth quarter of 2012.

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