Capital Senior Living Snags 3 Properties In $30M Deal

Law360, New York (October 20, 2011, 5:54 PM EDT) -- Capital Senior Living Corp. acquired two senior living communities in South Carolina and one in North Carolina for $30 million total, bringing its assets to 84 residential centers in 23 states, the company announced Thursday.

The deal was financed by a $22 million 10-year fixed-rate mortgage at an interest rate of 4.92 percent.

Dallas-based CSL, the second-largest senior living operator in the U.S., provides independent living, assisted living and memory care for about 12,000 residents. The company says it plans to close several more transactions by...
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