REIT, Assisted Living Co. Enter $106M Senior Housing Deal

Law360, Philadelphia (September 14, 2012, 7:25 PM EDT) -- Care Investment Trust Inc. has agreed to purchase a seven-property senior housing portfolio from Juniper Communities LLC for $106.5 million, both companies announced Thursday.

The properties, which are located across New Jersey, Pennsylvania and Colorado, contain 410 units. Juniper will continue to manage the properties through an affiliate, according to an announcement from Care.

"Juniper's passion and dedication to quality care has earned them an unparalleled reputation in senior housing,” said Salvatore V. Riso Jr., president and chief executive officer of Care, in a statement. “We...
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