Real Estate/Development
Oct. 25, 2012
Real Estate Deals
Long Beach-based HCP Inc. has entered into an agreement to acquire 133 housing communities for $1.73 billion from a joint venture of Emeritus Corp. and Blackstone Real Estate Partners VI, an affiliate of The Blackstone Group.
Three law firms negotiate senior housing deal
Long Beach-based HCP Inc., a real estate investment trust, agreed to acquire 133 housing communities for $1.73 billion from a joint venture of Emeritus Corp., a Seattle-based assisted living and memory care operator, and Blackstone Real Estate Partners VI, an affiliate of The Blackstone Group.
The portfolio includes 10,350 units across 29 states. Emeritus agreed to invest...
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