RMR-managed, Diversified Healthcare Trust, Completes $159.0 Million Sale of MUSE Life Science Asset in San Diego, California to Breakthrough Properties

2/3/2025

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Press Release

• Subcategory: Office: Suburban

• Tag: Press Release | Sale

• Additional Filters-Subcategory: Medical: Life Sciences-Laboratory, MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Portfolio

• Company: Diversified Healthcare Trust (Nasdaq: DHC)

Diversified Healthcare Trust (Nasdaq: DHC) today announced it has completed the $159.0 million sale of MUSE, a 186,000 square foot, three building life science property located in Torrey Pines, San Diego. At the time of sale, the property was 49% leased, with a weighted average lease term of over eight years. DHC plans to use the proceeds from the sale to pay down its senior secured notes due in January 2026.