Health Care REIT Buys Assisted Living Facility for $69.2 Million

Ohio-based Health Care REIT, Inc., (NYSE:HCN) acquired an assisted living facility on Nov. 7 for approximately $69.2 million.

The facility, called Belmont Village Senior Living, is located in Cardiff by the Sea, California. The building is approximately 100,000 square foot, and was sold by Belmont Village LP, of Houston, Texas.

Health Care REIT now has a real estate portfolio of more than $13 billion, according to its website, with properties that include senior living communities, medical office buildings, inpatient and outpatient medical centers, and life sciences facilities.


Written by Alyssa Gerace

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