Diversified Healthcare Trust Announces 15-Year Net Lease with The Ensign Group for Colorado Skilled Nursing Portfolio
Business Wire•06/10/2026•08:00 ET
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Key Highlights
- ➤DHC signs 15-year triple-net lease with Ensign for seven Colorado skilled nursing facilities
- ➤$8.0 million first-year annual rent substantially exceeds the portfolio’s prior-year rent
- ➤807 licensed units transition from RIDEA to a long-term net lease structure October 1, 2026
- ➤CPI-linked annual escalators support ongoing cash flows under the new lease
- ➤DHC expects lower capital expenditures and operational volatility as property costs shift to Ensign
Expert Statements
Chris Bilotto, President and Chief Executive Officer of Diversified Healthcare Trust
“We are excited to announce this partnership with Ensign, a best-in-class operator with a strong track record in the skilled nursing sector. This transaction is expected to immediately increase the financial contribution from these communities while reducing DHC's future capital expenditure requirements through a long-term triple net lease structure. We believe Ensign's proven operating platform and local market expertise, combined with a structure that is well suited for skilled nursing facilities, will support stable performance at these communities and create long term value for our shareholders. This transaction also reflects our broader strategy of optimizing our portfolio structure, partnering with high quality operators, and driving sustainable NOI growth.”
Diversified Healthcare Trust Announces 15-Year Net Lease with The Ensign Group for Colorado Skilled Nursing Portfolio
Transition of Seven Communities to Net Lease Structure Expected to Generate First Year Annual Rent of $8.0 Million, Substantially Greater Than Prior Year’s Rent
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