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SNH - Senior Housing Properties Slashes Its Dividend To Save Five Star Senior Living
Senior Housing Properties Trust
Though real estate and the healthcare space are generally considered attractive, especially with a growing and aging population, times have been tough for Senior Housing Properties Trust (SNH), a REIT focused on senior living communities and medical office space, and Five Star Senior Living (FVE), an operator of skilled nursing facilities and senior living communities. As Five Star struggles to survive, the company has put its partner, Senior Housing, at risk of financial pain. In the hopes of alleviating these concerns, the two firms arrived at an agreement, whereby Senior