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Grosvenor Sells Senior Living Portfolio to GPT Group of Australia for $268 Million

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Philadelphia, PA (PRWEB) November 28, 2007 Grosvenor Investment Management US Inc. (GIM), on behalf of The Kuwait Finance House, has sold a 1,174-unit portfolio of senior living properties in New England to The GPT Group (ASX:GPT), one of the largest diversified listed property groups in Australia. GPT is joint venturing with the current operator, Benchmark [...]

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