Emeritus Senior Living Announces Lease of 38 Senior Communities

 SEATTLE-Emeritus Corporation, the nation’s largest provider of assisted living and memory care services, has entered into definitive agreements with Health Care REIT, Inc. and Merrill Gardens under which Emeritus will lease a total of 38 senior housing communities, currently owned by a joint venture comprised of HCN and Merrill Gardens. 

The communities are located in eight states, concentrated primarily in Washington and California, and offer independent living, assisted living and memory care services.  They represent approximately 4,400 units, and more than 40% are currently designated as independent living.