Healthcare REIT HCP Inc said it will purchase 133 senior housing communities for $1.73 billion, including debt, from a joint venture between Emeritus Corporation and Blackstone Real Estate Partners VI. Emeritus will continue to operate these communities after the deal, HCP said.
HCP, Inc. (HCP) is a real estate investment trust (REIT). Shares of HCP traded higher by 0.88% or $0.4/share to $45.92. In the past year, the shares have traded as low as $35.72 and as high as $47.75. On average, 2138170 shares of HCP exchange hands on a given day and today's volume is recorded at 1640634.
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