November 19, 2013 / 1:20 AM / 4 years ago

BRIEF-Newcastle Investment announces agreement to acquire $1 bln of senior housing assets

1 Min Read

Nov 18 (Reuters) - Newcastle Investment Corp : * Announces agreement to acquire $1 billion of senior housing assets from

holiday retirement * Says expects to invest approximately $300 million of equity to acquire the

holiday portfolio * To acquire a 52-property portfolio of senior housing properties from units of

holiday acquisition holdings llc * Says to fund the remainder of the purchase price with non-recourse mortgage

debt * Says expects the closing of this transaction to occur in December * To enter into 2 triple net master leases holiday acquisition's affiliates

with 1st-year rent equal to 6.5% of purchase price * Source text for Eikon * Further company coverage

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below