Market Overview

Capital Senior Living Acquires Four Communities for $64.9M

DALLAS--(BUSINESS WIRE)--

Capital Senior Living (NYSE: CSU) today
announced that it has completed the acquisition of four senior living
communities in two transactions for a combined purchase price of
approximately $64.9 million. These communities are in Indiana and South
Carolina, enhancing the Company's existing operations in these states.
The communities are comprised of 388 units, consisting of 48 independent
living units, 257 assisted living units and 83 memory care units.

The four communities are financed with an aggregate of approximately
$49.3 million of 10-year fixed rate debt that is non-recourse to the
Company with an interest rate of 5.56%.

See full press release

Posted-In: News Guidance Financing Offerings Legal Global

 

Related Articles (CSU)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional