Diversified Healthcare Trust (DHC) Surges on Sale of Senior Living Communities

Diversified Healthcare Trust (DHC) shares are experiencing a significant rise on Monday following the announcement of the sale of 18 senior living communities to Brookdale Senior Living Inc. (BKD). The deal, valued at $135 million, will see Brookdale take ownership of these communities, which they have leased and operated since 2003. The sale is part of Diversified Healthcare’s strategy to optimize its portfolio and enhance liquidity.

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