Brookdale to buy 21 senior living communities

Brookdale to buy 21 senior living communities from Sunrise affiliates for $204 million

• On 7:16 am EDT, Friday October 9, 2009

NASHVILLE, Tenn. (AP) -- Brookdale Senior Living Inc. said Friday that it will buy 21 senior living communities for $204 million from Sunrise Senior Living Inc. affiliates.

The owner and operator of senior living communities will finance the deal with about $134 million of mortgage debt, with the remainder paid for with available cash.

The buildings are located in California, Colorado, Connecticut, Georgia, Indiana, Michigan, New Mexico, North Carolina, Ohio, Pennsylvania and Virginia.

Brookdale expects the acquisition to add to its earnings starting next year. The deal is targeted to close in November.