Market Overview

Capital Senior Living Acquires Eight Communities for $72.9M

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Capital Senior Living Corporation (NYSE: CSU)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

See full press release

Posted-In: News Guidance Financing Contracts Asset Sales Management M&A Global

 

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