Senior Housing Properties Trust - McKnight's Senior Living

Senior Housing Properties Trust

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.

Five Star, Senior Housing Properties Trust announce restructuring deal

Five Star Senior Living and Senior Housing Properties Trust (SNH) will enter into new management agreements for 261 senior living communities that Five Star leases and operates as part of a restructuring deal to improve Five Star’s financial position, the organizations announced Tuesday morning. SNH and its shareholders also will take an increased ownership stake in the company.

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