Morningstar Senior Living buys Baytree Lakeside lease

  • By Business Observer Staff
  • | 3:16 p.m. December 7, 2012
  • Commercial Real Estate
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Morningstar Senior Living LLC of Bellingham, Wash., has purchased the lease to operate the Baytree Lakeside assisted-living facility in St. Petersburg. The exact lease sale price was not disclosed, but was said to be three times the facility's cash flow, which was also undisclosed.

 

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