SNH wraps $87M deal with NewSeasons.Newton, Mass-based Senior Housing PropertiesTrust in January completed an $86.6 million purchase and lease transaction with NewSeasons Assisted Living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. Communities Inc., SHPT SHPT Senior Health Physics Technician reported. SNH SNH Scottish Natural Heritage SNH Sunday Night Heat (wrestling) SNH Society for Netherlandic History SNH Supervision Network Hub bought 10 NewSeasons assisted living facilities in Pennsylvania and New Jersey totaling 1,019 residences, then leased the facilities back to NewSeasons for 13 years, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a company release. The deal includes tenant renewal options for a total of 30 years. SNH will receive approximately $9.3 million per year in rent during the initial lease term. |
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