Senior Housing Properties Trust Sells Three Skilled Nursing Facilities in California

VAN NUYS, THOUSAND OAKS and LASALETTE, Calif. — Senior Housing Properties Trust (NASDAQ: SNH) has sold three skilled nursing facilities in California as part of a previously announced restructuring plan.

The 276-unit portfolio included undisclosed facilities in Van Nuys, LaSalette and Thousand Oaks. The transaction, which also included a 15,647-square-foot medical office building in Thornton, Colorado, totaled $24.1 million.

The sales were part of SNH’s disposition plan to sell up to $900 million of assets in connection with the restructuring of its business arrangements with Five Star Senior Living Inc.

Based in Newton, Massachusetts, Senior Housing Properties Trust is a REIT that owns medical office buildings, senior living communities and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc. (NASDAQ: RMR), an alternative asset management company.