Evrett Benton, president of Five Star tells GlobeSt.com that each of the acquired communities is located in an area where Five Star operates, including Stockton, California, Kansas City, Kansas, St. Louis, Missouri, Omaha, Nebraska and Fort Myers, Florida. These five communities contain 704 living units, including 531 independent living apartments and 173 assisted living suites.

Last month, Five Star priced a public offering of 3.7 million common shares at $7.45 per share. The company, which went public this year, also granted underwriters of the offering a 30-day option to purchase up to 525,134 additional common shares to cover any over-allotments. The lead manager of this offering was UBS Warburg. Co-managers were Jefferies & Company, Inc. and Wachovia Securities.

Five Star owns, currently leases and operates 92 facilities with 13,402 separate living units located in 22 states in the US. These facilities include independent living and congregate care communities, assisted living facilities and nursing homes.