Real estate investment trust HCP (HCP) agreed to buy $6.1 billion of real estate assets from HCR ManorCare Inc.
HCP said it will acquire 338 post-acute skilled nursing and assisted living facilities in 30 states, with the highest concentrations in Ohio, Pennsylvania, Florida, Illinois and Michigan.
HCR will continue to operate the assets pursuant to a long-term triple-net master lease.
The real…
Continue reading HCP to Buy $6.1 Billion of Real Estate from HCR ManorCare
HCP to Buy $6.1 Billion of Real Estate from HCR ManorCare originally appeared on DailyFinance on Tue, 14 Dec 2010 08:22:00.
Filed Under: Company News, Health Care, Real Estate