For Immediate Release
February 1, 2012, Wilton, CT – Westport Capital Partners LLC (“Westport”), Reichmann International Development Company (“RIDC”), an affiliate of Reichmann Seniors Housing Development Corp. (“RSH”), and the executive management team of Wellington Healthcare Services, LP (“Wellington” or the “Company”) today announced that they have completed the sale of the underlying real estate of Wellington’s skilled nursing facility portfolio. The portfolio encompasses 1,364 beds at ten facilities in the Southeastern U.S. The transaction with Griffin-American Healthcare REIT II was valued at $166,500,000. Affiliates of Wellington entered into a master lease, with an initial term of 15 years, whereby affiliates of Wellington will continue to operate the ten facilities.

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