Diversified Healthcare Trust (DHC), a managed REIT of The RMR Group, announced the sale of 18 triple net leased senior living communities. The transaction was valued at $135 million, equating to $154,000 per unit. These communities were sold to Brookdale Senior Living.
This divestiture is part of DHC's ongoing efforts to optimize its portfolio and manage its balance sheet. The sale of these assets is a strategic move to streamline operations and potentially improve financial flexibility for the managed REIT.
For The RMR Group, the manager of DHC, such asset sales can influence management fees and the overall performance of its client's portfolio. The successful execution of this sale demonstrates active portfolio management within RMR's managed entities.
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