Brookdale Senior Living, Chicago, acquired three assisted-living facilities in New Jersey and California for $58.3 million from AEW Capital Management, Boston. The deal will be financed with $33 million in debt and $25.3 million in cash. It is part of a buying binge that began in November 2005 after Brookdale's initial public offering. Brookdale said it received antitrust clearance last month for its $1.2 billion purchase of American Retirement Corp., Nashville. The acquisition will make Brookdale the largest U.S. operator of senior-living facilities, with more than 530 in 34 states. Brookdale lost $51 million on $790.5 million in revenue in 2005, according to a Securities and Exchange Commission filing. -- by Melanie Evans
Assisted-living chain Brookdale continues to grow
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