Diversified Healthcare Trust Transitions Seven Communities to New Operators

by Jeff Shaw

NEWTON, Mass. — Diversified Healthcare Trust (NASDAQ: DHC), a Newton-based REIT, has added five assisted living communities in Wisconsin totaling 300 units to its existing management agreement with Cedarhurst Senior Living within its seniors housing operating portfolio (SHOP).

Additionally, DHC has entered into a new management agreement with IntegraCare for two assisted living communities in Pennsylvania totaling 182 units within its SHOP.

DHC has now entered into new management agreements representing approximately 91 percent of its 108 SHOP communities to be transitioned from Five Star Senior Living Inc. (NASDAQ: FVE), as previously announced. DHC continues to expect to complete all of the management community transitions by year end.

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