Diversified Healthcare Trust announced on March 2, 2025, the closing of the sale of 18 triple-net leased senior living communities to Brookdale Senior Living Inc. The transaction was completed for $135 million, representing a valuation of approximately $154,000 per unit.
These 18 communities encompass 876 units located across 10 states. DHC will utilize the proceeds from this sale to further reduce its senior secured notes, which are due in January 2026.
Following this payment and the earlier $159.0 million sale of the MUSE building in January, approximately $647 million of these senior secured notes remain outstanding. Chris Bilotto, President and CEO of DHC, stated that divesting these non-core assets allows DHC to focus its portfolio on high-performing communities and reduce leverage.
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