03:52 PM EST - Chartwell Retirement Residences : announced today that it has entered into an agreement to sell a portfolio of seven seniors living communities comprised of 613 suites located in Arizona, Georgia, Louisiana, Oklahoma and Alabama to an affiliate of Brookdale Senior Living Inc., a current manager of six of these properties. The purchase price for the Portfolio will be $80.9 million U.S. and will be partially settled through the assumption by Brookdale of mortgage debt secured by the Portfolio with an outstanding balance of approximately $60.6 million U.S. as of today. Chartwell Retirement Residences
shares T.CSH.UN are trading up $0.13 at $11.42.
