ARV Buys Complexes
Dow Jones
COSTA MESA —
ARV Assisted Living Inc. said Thursday that it agreed to buy interests in 13 senior housing complexes in California for $88 million.
The projects, which contain 1,900 units, are owned by Hillsdale Group LP in Burlingame. When completed, the deal will give ARV 43 communities containing 5,300 units in California, and 63 communities containing 8,300 units in 10 states.
