A Dallas-based operator of senior living facilities has sold its stake in a Trumbull-based long-term care center to raise capital for future acquisitions.
Capital Senior Living sold its 5 percent interest in four senior living communities around the country, including Spring Meadows of Trumbull, to Health Care REIT, Inc. for $17 million.
As part of the sale, CSU also leased the communities back from HCN.
