Nashville-based Brookdale owns and operates more than 500 senior living centers around the nation. The total purchase price for the three properties was $102 million, plus fees.
Brookdale had previously owned a minority non-financial stake in the centers and collected management fees for work. The company said the three centers have a total of 642 units and had 92 percent occupancy in the third quarter.
The deal was financed with a $75.4 million mortgage loan from Fannie Mae, which carries a fixed interest rate of 6.1 percent, and with cash, officials said.
— ASSOCIATED PRESS
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