The rebranding to Diversified Healthcare Trust marks a milestone in the company's transformation, which includes the anticipated conversion of SNH's existing triple-net leases with Five Star Senior Living Inc. into management agreements that was expected to occur on Jan. 1.
The addition of G&P increases NFI's footprint to more than 300 locations throughout North America, employing more than 12,600 associates. The purchase of G&P further deepens NFI's industry expertise throughout diverse industries such as automotive, tires, retail and textiles.
The property was purchased by Chicago-based Draper and Kramer through a 1031 exchange following the firm's sale of Prairie Shores, a 1,675-unit, multi-building apartment community in Chicago's Bronzeville neighborhood.
The five B-Pieces that Morgan Properties acquired had a total face amount of $400 million. Additionally, $674 million, or 13% of the total unpaid principal balance were loans where Morgan Properties was also the underlying borrower.
In charge of construction is Mack-Cali Realty Corp. Wayne Kasbar, managing director of Colliers International, brokered the deal at 8 Campus Drive, which is a LEED-Silver building that totals 215,265 square feet.
The Local Wetlands Ordinance gives the city greater authority to protect its wetlands and directs the Boston Conservation Commission to consider future climate impacts like rising sea levels in applications for new developments, construction, or special events.
Long Ridge is located on 1,660 acres and includes a 485 MW power plant currently under development, nearly 300 acres of available flat land, two barge docks on the Ohio River, a unit train capable loop track and direct truck access to Ohio Route 7.