Simpson Thacher is representing Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates “KKR”) in connection with KKR's entry into a definitive agreement, pursuant to which KKR has committed to provide to Sentio Healthcare Properties, Inc. $150 million of convertible preferred equity over the next two to three years.
Sentio is a public, non-listed, real estate investment trust which invests exclusively in healthcare-related real estate, featuring a diversified portfolio of senior housing and medical properties throughout the United States.
The Simpson Thacher team for the transaction included: Jeremy Saks, S. Chi Pan, Shabarika Ajitkumar, and Sharo M. Atmeh (M&A); Scott Kobak, Whitney Roland, Brandon Greer and Frank J. Mangiatordi (Real Estate); Marcy G. Geller and Danny H. Salinas (Tax); Brian D. Robbins, Jeanne Annarumma (Executive Compensation and Employee Benefits); Michael C. Naughton (Antitrust); and Adeeb R. Fadil (Environmental).