Diversified Healthcare Trust announced on September 3, 2025, that it has entered into agreements with AlerisLife Inc. and seven different operators. These agreements will facilitate the transition of management for 116 of DHC’s senior living communities, previously managed by Five Star Senior Living.
The transition of these management agreements will occur in tranches, commencing in September 2025. The company expects the entire process to be completed by the end of the year.
This strategic move aims to optimize the operational structure of a significant portion of DHC's Senior Housing Operating Portfolio. The change in management is part of DHC's broader efforts to enhance portfolio performance and adapt its operational strategy.
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