Diversified Healthcare Trust sells three life science properties in San Diego for $159M

DIVERSIFIED HEALTHCARE TRUST

Net sales price of $159.0M for three life science properties (MUSE) with 186k rentable sq ft in San Diego.
Estimated net proceeds of $157.9M held as restricted cash to partially redeem senior secured notes due 2026.
Pro forma shows estimated gain on sale of $9.5M; rental income and property expenses removed from historical results.
Transaction closed January 31, 2025; pro forma financials reflect sale as if completed September 30, 2024.

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