April 13, 2017

Blackstone acquires Denver-area retirement homes

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The Blackstone Group, a New York-based private equity firm, has acquired two retirement homes in Arapahoe County.

BusinessDen reports that Blackstone paid $23 million for Brookdale Denver at 2500 Roslyn St. and $4.5 million for a smaller Brookdale property at 1640 S. Quebec Way. The $27.5 million purchases were part of Blackstone’s $1.13 billion acquisition of 64 Brookdale properties from HCP, a real estate investment trust, in March.

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The Blackstone Group, a New York-based private equity firm, has acquired two retirement homes in Arapahoe County.

BusinessDen reports that Blackstone paid $23 million for Brookdale Denver at 2500 Roslyn St. and $4.5 million for a smaller Brookdale property at 1640 S. Quebec Way. The $27.5 million purchases were part of Blackstone’s $1.13 billion acquisition of 64 Brookdale properties from HCP, a real estate investment trust, in March.

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