Health Care REIT Buys Fla. Senior Living Community in $49.4 Million Transaction

Toledo, Ohio-based Health Care REIT (NYSE:HCN) recently acquired a 155-bed senior living facility in Jupiter, Fla. from an affiliate of Chicago-based Senior Lifestyle Corp. in a sale-leaseback transaction. 

Senior Lifestyle Jupiter sold Mangrove Bay, located on a 6.52 acre property, in a $49.4 million transaction, according to the South Florida Business Journal. The sale price has not been confirmed by Senior Lifestyle Corp.

Written by Alyssa Gerace