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Diversified Healthcare Trust Announces $703MM Joint Venture for 10 Properties in Its Office Portfolio Segment

January 31, 20222 Mins read1.9k
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Diversified Healthcare Trust, 47900 Bayside Parkway, 2904 Orchard, 8631 West 3rd, Los Angeles, San Jose, Bothell, 21717 30th Dr SE
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DHC to Receive Cash Proceeds of Approximately $653 Million and Retain a 20% Equity Interest in the Joint VentureSelling 80% Joint Venture Equity Interest at a 4.98% Capitalization Rate and Expected Gain on Sale of Approximately $320 Million NEWTON, Mass.--Diversified Healthcare Trust today announced that it has entered into a $703 million joint venture for 10 […]

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