Gecina buys nursing home portfolio from WP Carey JV

By A staff reporter 2012-04-12T00:00:00

French REIT Gecina has acquired real estate companies owning a portfolio of six nursing homes from MAPI Invest, a joint venture between WP Carey and CPA 15 funds. The price of the six assets totalling EUR 70.5 mln excluding duties reflects a net yield rate of almost 6.2%. The properties ...

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