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Senior Housing Properties Trust Completes Reliant Medical Group Properties Portfolio

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Senior Housing Properties Trust has completed the sale of the Reliant Medical Group portfolio which included 13 properties for an aggregate sales price of $18 million. Additionally, the REIT completed the sale of a 15-facility skilled nursing portfolio for a combined sales price of $8 million.

The 13 medical office buildings properties, or MOB’s, and 15 skilled nursing facilities include:

  • A 4,400 square foot MOB located at 108 Elm Street, Millbury, MA.
  • A 17,057 square foot MOB located at 176 West Street, Milford, MA.
  • A 57,000 square foot MOB located at 139 Gold Star Boulevard, Worcester, MA.
  • An 11,604 square foot MOB located at 277 East Mountain Street, Worcester, MA.
  • A 21,000 square foot MOB located at 191 May Street, Worcester, MA.
  • A 17,742 square foot MOB located at 370 Lunenburg Street, Fitchburg, MA.
  • Two MOB buildings for 39,718 square feet combined, located at 106 and 112 East Main Street, Westborough, MA.
  • A 54,100 square foot MOB located at 630 Plantation Road, Worcester, MA.
  • A 13,804 square foot MOB located at 405/407 Main Street, Spencer, MA.
  • A 35,580 square foot MOB located at 425 N. Lake Street, Worcester, MA.
  • A 49,357 square foot MOB located at 165 Mill Street, Leominster, MA.
  • A 41,065 square foot MOB located at 35 Millbury Street, Auburn, MA.
  • 10 skilled nursing facilities located in Nebraska.
  • Four skilled nursing facilities located in Iowa.
  • One skilled nursing facility located in Kansas.

The sales were part of SNH’s previously revealed disposition plan to sell up to $900 million of assets in connection with the restructuring of its business arrangements with Five Star Senior Living Inc. Net proceeds will be used for repayment of debt and general business purposes.

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