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Senior Housing Properties Trust Announces 2012 Second Quarter Results

Aug 2, 2012 | Reprints | Unlock Link | Print

Senior Housing Properties Trust in Newton posted second quarter net income of $33.3 million, down from $51 million in the same period last year.

The company said that net income in the second quarter of 2011 included a $21.3 million gain on the sale of seven properties.

The company also said in a statement that since April 1, it has acquired, or currently has agreements to acquire, 16 properties for a total of $368.9 million, including the assumption of approximately $122.8 million of mortgage debt and excluding closing costs.

Commercial & Industrial