Reuters logo
BRIEF-HCP reports transactions to further reduce Brookdale portfolio concentration
November 2, 2017 / 12:00 PM / 20 days ago

BRIEF-HCP reports transactions to further reduce Brookdale portfolio concentration

Nov 2 (Reuters) - HCP Inc:

* HCP announces transactions to further reduce Brookdale portfolio concentration

* HCP Inc - ‍ agreed to sell its remaining investments in ridea ii senior housing joint venture to an investor group led by CPA for $332 million​

* HCP - ‍ intends to use proceeds from dispositions primarily to repay debt and for general corporate purposes​

* HCP - ‍ Ridea ii joint venture owns 49 communities, of which 46 are managed by Brookdale senior living​ Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below