Lois A. Bowers - McKnight's Senior Living

Lois A. Bowers

Five Star agreement is ‘best possible solution’ to financial issues, SNH says

A new agreement between Five Star Senior Living and Senior Housing Properties Trust (SNH) that converts 261 communities from triple-net leases to a RIDEA structure and gives the real estate investment trust and its shareholders a greater ownership stake in the company improves Five Star’s financial position and is “the best possible solution” for the REIT and its shareholders, SNH President and COO Jennifer Francis said Tuesday.

Next post in News