CommonWealth REIT is selling 13 suburban properties to Senior Housing Properties Trust for $167 million. The properties being sold are presently 95 percent occupied on a combined basis. Upon completion of the transaction, expected before the year-end, the REIT expects to record a net capital gain of almost $11 million. The proceeds will be used for general business purposes, including repaying debt and new acquisitions. Senior Housing holds the right of first refusal to buy certain properties from CommonWealth REIT.
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