Capital Senior Living closes 3 purchases

|About: Capital Senior Living Co... (CSU)|By:, SA News Editor

The three senior living communities located in Ohio were purchased from JVs in which CSU had a 10% interest for a total price of $83.6M. They comprise 433 units, consisting of 227 independent living units and 206 assisted living units.

In other news, the company closes on the refinance of debt on 15 owned communities, with a $156.5M in new mortgage debt - $135.5M in long-term fixed rate debt and $21M in bridge loans. CSU pulled $36.5M out of the refinance.