Blackstone acquires Denver-area retirement homes

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.


 

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>