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

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.
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