Diversified healthcare trust closes $109 million 10-year fixed-rate mortgage financing secured by seven shop communities

Newton, mass.--(business wire)--diversified healthcare trust (nasdaq: dhc) today announced that it closed a $109 million 10-year fixed rate mortgage financing through freddie mac. the loan is secured by seven senior living communities consisting of 1,184 units located in five states that are managed by five star senior living, the operating division of alerislife inc. the loan has a 6.22% fixed interest rate, with interest only payable during the first 5 years and matures on may 1, 2035. dhc in.
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