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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, financial advisors and other financial institutions and investors on their most important mergers, acquisitions and takeover transactions.

HCP to Acquire Senior Housing Portfolio for $1.73 Billion

Paul, Weiss client HCP announced that it has entered into a definitive agreement to acquire 133 senior housing communities for $1.73 billion, from a joint venture between Emeritus Corporation and Blackstone Real Estate Partners VI, an affiliate of The Blackstone Group.

Located in 29 states, the portfolio encompasses 10,350 units representing a diversified mix of assisted living, independent living, memory care and skilled nursing housing. Concurrent with HCP's acquisition, Emeritus will purchase nine remaining properties from the Blackstone JV, for which HCP has agreed to provide secured debt financing of $52 million.

The Paul, Weiss team advising on the transaction included corporate partners John Kennedy and Robert Schumer and counsel Didier Malaquin; real estate partner Harris Freidus and counsel Andrew Wurzburger; tax partner Jeffrey Samuels and counsel Alyssa Wolpin; and environmental counsel William O'Brien.

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