Care Capital Properties, a real estate investment trust, on Thursday said it has acquired eight skilled nursing facilities and one assisted living facility in Shreveport, Louisiana for $190 million.
The company also said it has tapped Senior Care Centers, a Texas-based manager of skilled nursing centers, to run and lease the acquired facilities.
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Under terms of the deal, Care Capital will issue a $20 million loan to Senior Care Centers, bringing the total cost of the acquisition to $210 million.
In total, the portfolio includes 1,174 beds and has an average occupancy rate of 88 percent.
Senior Care Centers entered into a 15-year lease for the portfolio, which includes a rehabilitative therapy company, four hospice agencies and an interest in an affiliated pharmacy provider.
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