SNH Sells 15 Skilled Nursing Facilities in Midwest for $8M

NEWTON, Mass. — Senior Housing Properties Trust (NASDAQ: SNH) has completed the sale of a15-facility skilled nursing portfolio for a combined sales price of $8 million.

The properties include 10 properties in Nebraska, four in Iowa and one in Kansas. Further details on the facilities were not disclosed.

The sales were part of SNH’s previously announced 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. Net proceeds will be used for repayment of debt and general business purposes.

SNH is a publicly traded REIT focused on is a medical office buildings, senior living communities and wellness centers throughout the United States.