Brookdale Announces Completion of Two Previously Announced Portfolio Acquisitions, Increasing the Company's Real Estate Ownership Position

Core Insights - Brookdale Senior Living Inc. has completed its three-portfolio acquisition plan, enhancing its real estate portfolio and realizing high-yielding returns on 41 assets [1][2] Acquisition Transactions - The company acquired five communities (686 units) from Welltower Inc. for $175 million, with a weighted average portfolio occupancy greater than 90% [3] - Additionally, Brookdale acquired 25 communities (875 units) from Diversified Healthcare Trust for $135 million, with a weighted average portfolio occupancy of approximately 80% [4] Financing Transactions - The total cost of the two acquisitions was $310 million, funded by $69 million in cash and $241 million in mortgage debt financing [5] - A $161 million mortgage loan was secured from Ally Bank, with a three-year term and options for extensions, secured by first priority mortgages on 36 communities [6] - An aggregate of $130 million in loans was obtained from CBRE National Senior Housing through the Freddie Mac Optigo® program, with a ten-year term and a fixed interest rate of 6.47% [7] Company Overview - Brookdale operates 647 communities across 41 states, serving approximately 58,000 residents as of December 31, 2024, and is committed to enriching the lives of seniors through various care services [8][9]