HCP agrees to acquire a portfolio of 133 senior housing communities from a JV between Emeritus...

|By:, SA News Editor
HCP agrees to acquire a portfolio of 133 senior housing communities from a JV between Emeritus (ESC) and Blackstone Real Estate Partners (BX) for $1.73B. ESC will continue to operate and improve the communities, and will purchase nine remaining properties from BX, for which HCP will provide secured debt financing of $52M. HCP -2.2% AH.