Capital Senior Living Acquires Senior Housing Leases

Capital Senior Living Corporation, one of the country’s largest operators of senior living communities, today announced that it has entered into a definitive agreement with Hearthstone Senior Services, L.P. (“Hearthstone”) to acquire Hearthstone’s interests in 32 leases with a healthcare REIT. Capital Senior Living acquired 32 leased communities that are high-quality, newly constructed assisted living and dementia care facilities.    

The consummation of this transaction would increase the Company’s capacity by approximately 3,800 residents and would bring the Company’s resident capacity to approximately 13,300.

For more information on this transaction, click here.