DIVERSIFIED HEALTHCARE TRUST (DHC): M&A transaction — 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.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.98

DIVERSIFIED HEALTHCARE TRUST completed a disposition for $159.0 million (closed 2025-01-31).

Action: disposition
Consideration: $159.0 million
Closing: 2025-01-31

Exact text from the filing

On January 31, 2025, DHC completed the sale of three life science properties with approximately 186,000 rentable square feet located at 3030, 3040 and 3050 Science Park Road, San Diego, California, or MUSE, for a net sales price of $159.0 million, excluding closing costs.

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9 m&a transactions filed in the last 30 days. Browse all m&a transactions →

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Source: SEC EDGAR

accession 0001075415-25-000003

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