NorthStar Healthcare Buys U.S. Senior Homes for $640 Million

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NorthStar Healthcare Income Inc. bought senior-care communities with about 4,000 homes from Bahrain-based Arcapita Bank BSC for about $640 million.

The properties, located across the U.S., are managed by Watermark Retirement Communities Inc., according to an Arcapita statement Wednesday.

“This transaction represents Arcapita’s fifth successful exit in the senior-living sector,” the Middle East company said in the statement.

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