Brookdale Sells Three Communities in Arizona

We represented Brookdale Senior Living (NYSE: BKD) in the $8.5 million sale of three properties in Peoria, Arizona to Freedom Plaza Limited Partnership (an affiliate of Thompson Resources). The properties consisted of three communities which included assisted living units, memory care units, skilled nursing units and independent living units. Brookdale also provided seller financing of $6.5 million in connection with the sale and, on an interim basis, stayed on as operator of the properties following closing pursuant to a lease and management agreement.

Brookdale Senior Living (NYSE: BKD) is the nation’s largest owner and operator of senior living communities throughout the United States and a leading national provider of senior-related services.

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