Diversified Healthcare To Sell 18 Triple Net Leased Senior Living Communities To Brookdale

RTTNews | 309 dagar sedan
Diversified Healthcare To Sell 18 Triple Net Leased Senior Living Communities To Brookdale

(RTTNews) - Diversified Healthcare Trust (DHC) announced Monday it has entered into a purchase and sale agreement with Brookdale Senior Living Inc. (BKD) to sell 18 triple net leased senior living communities that Brookdale currently leases from DHC for $135 million.

Brookdale has leased and operated these 18 communities since February 2003. The 18 communities include 876 units located across 10 states serving primarily assisted living residents as well as memory care residents.

Diversified Healthcare intends to use the proceeds from the transaction to pay down its $941 million of senior secured notes due January 2026.

The transaction is a further implementation of Diversified Healthcare's ongoing initiatives to optimize its portfolio and enhance its liquidity.

The sale opportunistically monetizes this NNN portfolio at a premium valuation of over $150,000 per unit. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions.

read more
New Zealand Unemployment Data Due On Wednesday

New Zealand Unemployment Data Due On Wednesday

New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.3 percent from 5.1 percent following a 0.1 percent loss in employment.
RTTNews | 26 minuter sedan
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.
RTTNews | 4h 59minuter sedan
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.
RTTNews | 5h 20minuter sedan
U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.
RTTNews | 7h 57minuter sedan
U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.
RTTNews | 8h 43minuter sedan