Brookdale Senior Living/HCP $847 million acquisition of Chartwell Retirement Residences' portfolio

Overview:

• Brookdale Senior Living and HCP have completed their $847 million acquisition of a real estate portfolio from Chartwell Retirement Residences.
• The portfolio consists of 35 private-pay senior communities. 
• HCP owns 90% of the joint venture to acquire the portfolio, and Brookdale the remaining 10%.
• The properties are spread across eight US states.
• The transaction was first announced in April 2015.

Kurt Stumpo - Journalist