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July 3, 2008

Emeritus

Seattle-based Emeritus Corp., a provider of assisted-living and related services to senior citizens, closed on the first phase of the purchase of 29 communities from Health Care REIT. The communities were formerly operated by Emeritus under long-term leases. This first phase closing consists of 19 communities with 1,564 units. The price was $222.7 million.




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