Diversified Healthcare Trust (DHC) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble.
Diversified Healthcare Trust (NASDAQ: DHC)
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Operator
Good morning, and welcome to the Diversified Healthcare Trust First Quarter 2021 Earnings Conference Call. [Operator Instructions]
Now I would like to turn the conference over to Michael Kodesch, Director of Investor Relations. Please go ahead.SPONSORED:
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KIRKLAND, WA - American Capital Group, Artemis Real Estate Partners and MorningStar Senior Living announced they have completed the acquisition of two independent senior living development projects situated adjacent to the previously announced Lifebridge Kirkland Apartments in Kirkland, Wash. and the Amberglen Apartments in Hillsboro, Ore. The projects will operate under the brand names MorningStar Senior Living of Kirkland and MorningStar Senior Living of Hillsboro, respectively.
MorningStar Senior Living of Kirkland will offer 151 independent living units as well as a full-service kitchen, pool, spa, fitness center and direct access to both private and public walking paths, promoting a healthy lifestyle for its senior residents. The community is less than a mile from Evergreen Medical Center, the #4 ranked hospital in Washington, and within a ten-mile radius of 11 hospitals offering emergency services. In spite of rapid population growth in the Kirkland area, no additional indepen