M&A Deal Summary

Diversified Healthcare Trust Acquires Biotech Medical Office Buildings

On February 10, 2014, Diversified Healthcare Trust acquired real estate company Biotech Medical Office Buildings for 1.1B USD

Acquisition Highlights
  • This is Diversified Healthcare Trust’s 6th transaction in the Real Estate sector.
  • This is Diversified Healthcare Trust’s largest (disclosed) transaction.
  • This is Diversified Healthcare Trust’s 6th transaction in the United States.
  • This is Diversified Healthcare Trust’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2014-02-10
Target Biotech Medical Office Buildings
Sector Real Estate
Buyer(s) Diversified Healthcare Trust
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Biotech Medical Office Buildings

Boston, Massachusetts, United States
Biotech Medical Office Buildings, which include a connected, three-level 740-stall below grade parking garage,The buildings, which comprise biomedical research facilities, corporate office space, structured parking and street-level retail space, contain 1.65 million total gross square feet.

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Buyer(S) 1

Buyer

Diversified Healthcare Trust

Newton, Massachusetts, United States
Category Company
Sector Real Estate
Revenue 1.4B USD (2023)
DESCRIPTION

Diversified Healthcare Trust is a healthcare real estate investment trust, or REIT. which owns independent living and assisted living communities, continuing care retirement communities, nursing homes, wellness centers and medical office, clinic and biotech laboratory buildings located throughout the United States. Diversified Healthcare Trust is based in Newton, Massachusetts.

DEAL STATS #
Overall 6 of 6
Sector (Real Estate) 6 of 6
Type (Add-on Acquisition) 5 of 5
State (Massachusetts) 1 of 1
Country (United States) 6 of 6
Year (2014) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-08 The 20 Living communities

United States

The 20 communities primarily offer independent and assisted living services which are paid by residents from their private resources. The 2,111 living units in these communities include 814 independent living apartments, 939 assisted living suites, 311 suites which offer specialized Alzheimer's care and 47 skilled nursing beds.The 20 communities are located in five states: North Carolina (seven communities); South Carolina (five communities); Florida (four communities); Virginia (two communities) and Georgia (two communities).

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