Second quarter net income at Senior Housing Properties Trust more than doubled year-over-year after the Newton-based REIT sold several properties in the period.
The REIT netted $51 million in the period ended June 30, up from $24.6 million during the same time last year. Net income for the most recent quarter includes a gain of approximately $21.3 million related to the sale of seven properties.
Since April 1, the company said it has acquired – or currently is under agreements to acquire – 29 properties, for an aggregate purchase price of approximately $360.9 million, including the assumption of approximately $91.8 million of mortgage debt and excluding closing costs.





