Brookdale Senior Living Closes Acquisition Of Seven Communities For $81 Mln.

(RTTNews) - Brookdale Senior Living Inc. (BKD) said Wednesday it had completed the acquisition of seven communities with a total of 613 units from Chartwell Retirement Residences for an aggregate purchase price of $80.9 million, plus customary transaction expenses. Brookdale has been managing six of the communities since the acquisition of Horizon Bay in September 2011.

The seven communities, primarily assisted living and memory care units, will be added to the company's Assisted Living segment.

The company financed the transaction with $60.8 million of first mortgage financing (substantially through the assumption of existing debt), with the balance of the purchase price paid from cash on hand.