Brookdale Senior Living Inc. and HCP, Inc. Acquire Private Pay Senior Housing Portfolio

Client Type: Public Company

We represented Brookdale Senior Living Inc. in its portfolio acquisition with HCP, Inc. of 35 private pay senior housing communities representing 5,025 units for $847 million. Brookdale has operated these communities since 2011 after its acquisition of Horizon Bay, and will continue to manage the communities under a RIDEA joint venture structure with HCP and Brookdale owning 90% and 10%, respectively.

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.

We represented Brookdale Senior Living Inc. in its portfolio acquisition with HCP, Inc. of 35 private pay senior housing communities representing 5,025 units for $847 million. Brookdale has operated these communities since 2011 after its acquisition of Horizon Bay, and will continue to manage the communities under a RIDEA joint venture structure with HCP and Brookdale owning 90% and 10%, respectively.

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.