11:17 AM EDT, 09/30/2024 (MT Newswires) -- Brookdale Senior Living ( BKD ) said Monday it agreed to acquire 41 senior living communities currently leased by the company, including a portfolio of 25 communities from Diversified Healthcare Trust ( DHC ) , for $610 million.

Brookdale said it will pay $135 million for the communities to be acquired from Diversified Healthcare ( DHC ).

The acquisitions are expected to be funded through the assumption of debt, the sale of a newly issued convertible senior notes, mortgage financing and cash on hand and are set to be completed by yearend, Brookdale said.

Brookdale shares were up more than 5% in recent trading, while Diversified Healthcare's ( DHC ) shares climbed nearly 10%.

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