Brookdale Senior Living Drops $162M On 12 New Properties

Law360, New York (January 15, 2013, 5:12 PM EST) -- Tennessee-based nursing home owner and operator Brookdale Senior Living Inc. has acquired 12 U.S. retirement communities it had previously been leasing for more than $162 million, Brookdale announced Tuesday.

All of the properties acquired by Brookdale had been operated by the firm under long-term leases and were accounted for by the real estate company as either operating or capital leases. In all but one of the communities, the long-term leases included purchase options that became exercisable at the end of 2012, Brookdale said.

The previous landlords...
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