Four communities sold in $1.15 billion deal
Four senior living communities were sold in a $1.15 billion deal brokered by CBRE Capital Markets in Los Angeles, according to local reports.
The firm arranged the sale of a senior housing portfolio to REIT firm Welltower Inc., the Orange County Register reported. The portfolio has almost 2,600 units that include assisted living, independent living and memory care units. Four communities are in Orange County.
Senior Resource Group will operate 11 of the communities. Sunrise Senior Living will operate seven, and Silverado will operate one, the newspaper reported.