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Senior Housing Properties Trust Completes the Sale of One Building from our MOB Segment and a Portfolio of Three Senior Living Assets for a Combined $58 MillionSenior Housing Properties Trust (Nasdaq: SNH) today announced that it has completed the sale of four assets for a total of $58 million. The sales include:
The sales were part of SNH's (News - Alert) previously announced disposition plan to sell up to $900 million of assets in connection with the restructuring of its business arrangements with Five Star Senior Living Inc. SNH expects to use the proceeds from these sales to repay debt and for general business purposes. Senior Housing Properties Trust is a real estate investment trust, or REIT, which owns medical office and life science buildings, senior living communities and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA. Warning Concerning Forward-Looking Statements This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 195 and other securities laws. Also, whenever SNH uses words such as "believe", "expect", "anticipate", "intend", "plan", "estimate", "will", "may" and negatives or derivatives of these or similar expressions, SNH is making forward-looking statements. These forward-looking statements are based upon SNH's present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by SNH's forward-looking statements as a result of various factors. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond SNH's control. For example:
The information contained in SNH's filings with the SEC (News - Alert), including under "Risk Factors" in SNH's periodic reports, or incorporated therein, identifies other important factors that could cause SNH's actual results to differ materially from those stated in or implied by SNH's forward-looking statements. SNH's filings with the SEC are available on the SEC's website at www.sec.gov.
You should not place undue reliance upon forward-looking statements.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
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