Brookdale Senior Living acquires Brookdale Galleria community in Houston for $23.4 million
BKD•Brookdale buys Houston senior living community
- Brookdale Senior Living bought the Brookdale Galleria senior living community in Houston for $23.4 million.
- The asset includes 244 independent living and assisted living units near The Galleria and was previously managed by Brookdale.
- The deal expands Brookdale’s owned real estate in a key market and is expected to lift consolidated operating income and adjusted EBITDA near term.
- Funding came from cash on hand and an expanded line of credit.
