HCP to Transition Operations of 24 Communities from Brookdale to Atria

IRVINE, Calif. and LOUISVILLE, Ky. — Irvine-based REIT HCP (NYSE: HCP) and Louisville-based operator Atria Senior Living have agreed to transfer operations of 24 HCP-owned seniors housing properties to Atria.

Brookdale Senior Living currently operates the properties.

The transitions will begin in March 2018 and are expected to be completed by September 2018, as the required regulatory approvals are obtained.

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