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Newcastle Investment Corp completes $1 billion acquisition of 51 senior housing properties from holiday retirement

Tuesday, 24 Dec 2013 08:13am EST 

Newcastle Investment Corp:Says it has completed the previously announced acquisition of 51 independent living senior housing properties from an affiliate of Holiday Retirement for a purchase price, including transaction costs, of $1.04 bln.Says the purchase price was funded with $720 million of non-recourse, fixed-rate mortgage debt and $320 million of equity. 

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0.15 +3.36%
9 Oct 2015