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Real Estate & Property Law

: Housing Wire

Northstar REIT Sells Assisted Living Portfolio for $95m

By AUSTIN KILGORE

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New York City-based real estate investment trust (REIT) NorthStar Realty Finance (NRF: 3.40 +3.66%) completed the sale of 18 assisted living facilities. NorthStar said the buyer, a private investor group, paid $95m in the transaction. Combined, the facilities contain approximately 1,300 beds. The facilities are all located in North Carolina. The sale is projected to generate approximately [...]

Full post as published by Housing Wire on December 23, 2009 (boomark / email).

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