Diversified Healthcare Trust Enters Management Agreement For 10 Stellar Senior Living Communities

Diversified Healthcare Trust (DHC) entered into a new management agreement with Stellar Senior Living for nine skilled nursing communities and one continuing care retirement community. The agreement covers 1,152 units in Colorado, Texas, and Wyoming within DHC’s Senior Housing Operating Portfolio (SHOP). DHC has now entered into new management agreements representing approximately 70% of its SHOP communities to be transitioned from Five Star Senior Living Inc. to other third-party operators as previously announced. DHC continues to expect to complete all of the management transitions at the 108 transitioning communities by year end.

As previously announced, DHC is . . .