Health Care REIT Sells 4 Fla. Properties for $33 Million

Health Care REIT (NYSE:HCN) recently sold four senior care communities in Volusia County, Fla., to Argent Properties 2012 LLC for a combined $33.3 million, reports The Daytona Beach News-Journal.

White Plains, N.Y.-based Argent Properties acquired the four properties under different limited liability company names, property records show.

The properties are:

• Oakwood Garden of DeLand, a nursing home in DeLand, Fla. that sold for $6.69 million to Oakwood Garden LLC
• DeBary Manor, a nursing home in DeBary, Fla. that sold for $9.6 million to DeBary Manor LLC
• Manor on the Green, a nursing home in Daytona Beach, Fla. that sold for $6.76 million to Manor on the Green LLC
• Coastal Health and Rehabilitation Center, a long-term care and rehab facility in Daytona Beach, Fla. that sold for $10.3 million to Coastal LLC

Written by Alyssa Gerace