Merger remains ‘best path,’ DHC CEO says, as senior living properties struggle with pandemic recovery
By
Kimberly Bonvissuto
Jul 28, 2023
Diversified Healthcare Trust’s pending merger with Office Properties Income Trust remains the “best path” forward as DHC’s senior housing operating portfolio continues to struggle in its COVID-19...
Merger with OPI still ‘best path’ for DHC, top exec says
By
Kathleen Steele Gaivin
Jul 28, 2023
A proposed merger with Office Properties Income Trust is the “best path for long-term value preservation” for Newton, MA-based Diversified Healthcare Trust, DHC’s President and CEO Jennifer Francis...
UPDATED: Diversified Healthcare Trust announces ‘event of default’ on $450 million credit facility
By
Lois A. Bowers
Jun 29, 2023
Diversified Healthcare Trust announced Thursday morning that a “non-monetary event of default” had occurred under its $450 million credit facility.
As talks continue about a proposed merger between real estate investment trusts Diversified Healthcare Trust and Office Properties Income Trust, the accumulation of shares of DHC stock by Adam Portnoy...
DHC’s proposed merger with OPI opposed by second shareholder
By
Kathleen Steele Gaivin
Jun 14, 2023
A second shareholder has come forward formally expressing opposition to real estate investment trust Diversified Healthcare Trust’s proposed merger with Office Properties Income Trust, which was announced...
DHC shareholder files proxy opposing OPI merger
By
Kathleen Steele Gaivin
Jun 09, 2023
Diversified Healthcare Trust shareholder Flat Footed filed a preliminary proxy statement with the Securities and Exchange Commission on Wednesday formally expressing opposition to the real estate investment...
OPI closes $30.7 million mortgage loan for Diversified Healthcare Trust merger
By
Kathleen Steele Gaivin
May 30, 2023
Newton, MA-based Office Properties Income Trust has begun implementing its financing strategy for its merger with Diversified Healthcare Trust, the real estate investment trust announced Friday. OPI has...
Proposed merger ‘best path forward’ for DHC, REIT says, but shareholder group disagrees
By
Kathleen Steele Gaivin
May 24, 2023
The “inconsistent” performance of the senior housing properties in Diversified Healthcare Trust’s portfolio is one reason that the Newton, MA-based real estate investment trust’s previously announced...
Diversified Healthcare Trust: Future in ‘substantial doubt’ as stand-alone company
By
Lois A. Bowers
May 10, 2023
“Current conditions raise substantial doubt about our company’s ability to continue as a going concern as a stand-alone company,” Diversified Healthcare Trust President and CEO Jennifer Francis said...