HCP announces $1.13bn property portfolio sale to BrookdaleStaff Writer | November 2, 2016
HCP will sell a portfolio of 64 properties leased to Brookdale Senior Living for $1.125 billion to affiliates of Blackstone Real Estate Partners VIII.
Selling To pay down debt
Combined, these transactions will advance company's strategic priorities to reduce Brookdale concentration, improve lease coverage, diversify company's operator relationships and strengthen company's balance sheet and credit profile. ■