Senior Housing Properties Trust sells four properties for $368M

Senior Housing Properties Trust has sold four senior-living rental communities in Virginia, Florida and Maryland for a combined $368 million, or $312,129 per residential unit, to Ohio-based Welltower Inc. (NYSE: HCN) — nearly three times the amount the Newton-based real estate investment trust paid for the properties in 1994. Senior Housing Properties Trust (Nasdaq: SNH) said it expects to realize a $308 million gain on the sale for the four properties, which are continuing-care retirement...