Health Care REIT says partnership nearly final

BLADE STAFF

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Toledo's Health Care REIT Inc. said Tuesday it has substantially completed its $817 million partnership with Merrill Gardens LLC, a deal announced a month ago.

The Toledo real estate investment trust took an 80 percent stake in Merrill Gardens, which has 38 retirement communities, primarily in affluent markets in California and Washington state. The deal is expected to close before month's end.

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