Diversified healthcare trust closes $94 million of mortgage financings secured by six shop communities

Newton, mass.--(business wire)--diversified healthcare trust (nasdaq: dhc) today announced that it has closed two fixed rate mortgage financings totaling $94.3 million, secured by six senior housing communities managed by five star senior living, the operating division of alerislife inc. the financings consist of a $64.0 million five-year mortgage loan and a $30.3 million ten-year fannie mae mortgage loan. proceeds from these loans, together with cash on hand, will be used to repay the remainin.
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