Assisting Oakmont Senior Living LLC in its Sale of Senior Living Facilities to HCP, Inc.

We assisted Oakmont Senior Living LLC, a leading provider of assisted living and memory care facilities in California and Nevada, in the $399,000,000 sale of eight senior living facilities to HCP, Inc.

The transaction was structured as a contribution to DownREITs, with Oakmont retaining management of the properties through a RIDEA structure.  We restructured the ownership of the facilities to facilitate the sale, negotiated the contribution agreements and ancillary agreements, handled the legal aspects of the due diligence investigations and coordinated all closing tasks.

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