Brookdale Senior Living Inc. (BKD) said Wednesday it has agreed to acquire seven senior living communities with a total of 613 units from Chartwell Retirement Residences for an aggregate purchase price of $80.9 million, plus customary transaction expenses. Brookdale has been managing six of the communities since its acquisition of Horizon Bay in September 2011.
The seven communities consist of 80 independent living units, 493 assisted living units and 40 Alzheimer's units, and had an average occupancy of 91.8% in 2012.
The company said it plans to finance the deal with about $61 million of first mortgage financing (substantially through the assumption of existing debt), with the balance of the purchase price to be paid from cash on hand.
The deal is expected to close in the third quarter of 2013, subject to the satisfaction of certain closing conditions and contingencies.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.