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Belmont Village of Memphis Purchased for $16.9M

REIT Acquires Senior Assisted Living Facility
By Cassidy McCormick
February 15, 2012 | 3:14 P.M.

Health Care REIT, Inc. acquired the 120-unit Belmont Village of Memphis senior assisted living facility at 6605 Quail Hollow rd. in Memphis, TN from Belmont Village LP for $16.9 million, or about $141,000 per unit.

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