Deals
Apollo Is Buying an HCP Senior-Housing Portfolio
- HCP said on June 5 it was under contract with a third party
- The 22 properties are managed by Brookdale Senior Living
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Apollo Global Management LLC is the mystery buyer that’s under contract to purchase a $428 million portfolio from HCP Inc., according to a person with knowledge of the matter.
The New York firm is buying 22 properties managed by Brookdale Senior Living Inc., said the person, who asked not to be identified because the matter is confidential. HCP said on June 5 that it was under contract to sell the portfolio, which comprises for 2,781 units, to a third party without revealing its identity. The deal has yet to close.