Brookdale Senior Living Agreed To Acquire 41 Communities (2,789 Units) From Three Current Triple-net Lease Portfolios For A Combined Purchase Price Of $610M
Portfolio Pulse from Benzinga Newsdesk
Brookdale Senior Living is acquiring 41 communities from three triple-net lease portfolios for $610 million. This acquisition is expected to reduce 2025 cash lease payments by $47 million, improve 2025 Adjusted EBITDA by $33 million, and enhance 2025 Adjusted Free Cash Flow by $15 million. The acquisition will increase Brookdale's ownership to 66% of its consolidated units.
September 30, 2024 | 10:04 am
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Brookdale Senior Living is acquiring 41 communities for $610 million, which is expected to reduce 2025 cash lease payments, improve EBITDA, and enhance free cash flow. This acquisition will increase Brookdale's ownership of its units to 66%.
The acquisition of 41 communities for $610 million is a significant move for Brookdale Senior Living, expected to reduce cash lease payments and improve financial metrics like EBITDA and free cash flow. This will also increase the company's ownership of its units to 66%, indicating a strategic shift towards owning more real estate. These factors are likely to positively impact Brookdale's stock price in the short term.
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