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Senior Housing Buys Medical Office for $9.6M

HRPT Sells 126,778-SF Bldg. for $75 PSF
By James Abrino
September 10, 2008 | 1:28 P.M.

Senior Housing Properties Trust, a senior community REIT, purchased 525 Virginia Drive in Fort Washington, PA, from HRPT Properties Trust for $9.6 million, or about $75 per square foot. The building is one of 48 properties that Senior Housing Properties plans to purchase over the next 12 months in an effort to diversify its properties.

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