Capital Senior Living Acquires Four Communities for $64.9M

DALLAS--(BUSINESS WIRE)-- Capital Senior Living

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%.