Capital Senior Living Acquires Eight Communities for $72.9M

Capital Senior Living Corporation

today announced that it has completed the acquisition of eight senior living communities for a purchase price of $72.9 million. These communities are in Texas, Indiana and Ohio, enhancing the Company's existing operations in these states. The levels of care offered in the portfolio include assisted living and memory care. The eight communities are financed with an aggregate of approximately $50.2 million of non-recourse mortgage debt consisting of approximately $29.0 million of 10-year debt with a fixed interest rate of 4.34%; approximately $3.2 million of assumed debt with a fixed interest rate of 4.48% and a remaining maturity