Mainstreet Sells Senior Living Community to Affiliated REIT for $18 Million

Mainstreet Property Group has sold a newly constructed 100-unit senior living community based in Hamilton County, Indiana to HealthLease Properties Real Estate Trust (TMX:HLP.UN) for $17.86 million. The fully occupied facility is leased on a triple-net basis to Life Care Services.  The community, Wellbrooke of Westfield, includes 70 skilled nursing and rehabilitation units and 30 assisted […]