Ohio REIT Pays $63M for Senior-Living Portfolio in Massachusetts

Source:  Business Journals

Health Care REIT, an Ohio-based real estate investment trust has purchased a senior-housing portfolio totaling 176 units in Acton and Franklin, Mass., for $63.2 million. Health Care REIT (NYSE: HCN) bought two properties — The Inn at Robbins Brook, a 79-unit assisted living and memory care community on a 12-acre campus at 10 Devon Drive in Acton, and Forge Hill, a 97-unit facility at 4 Forge Hill Road in Franklin. The purchase price of the real estate included the sale of the elder ...

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