Senior Housing Properties Announces Acquisition of MOBs.

Jefferies has published its research report today on Senior Housing Properties SNH following their acquisition of 27 MOBs for $470M announced last Friday. Jefferies writes, "The 27 MOBs have a weighted average occupancy of 95%, include ~2.8M sq. ft., and are located in 12 states. SNH expects to initially fund this acquisition via cash on-hand and drawings under its revolving credit facility. SNH expects this sale to be completed in a series of closings before June 30, 2011 after which they will be permanently financed via a capital raise." SNH has a Hold rating and closed Friday at $23.74.