John Massocca

Justin Haasbeek

Bryan Maher

Michael Carroll

- Diversified Healthcare Trust (DHC) announced the sale by AlerisLife Inc. of management agreements for **116** of DHC's senior living communities to **seven different operators**, with the transition expected to be completed by year-end 2025.  **[1075415_0001104659-25-086699_tm2525088d1_ex99-2.htm:0]**  
- DHC anticipates receiving **$25 million to $40 million** in net proceeds from its **34%** ownership stake in AlerisLife, which is winding down its business, and plans to use these funds to reduce leverage and for general business purposes.  **[1075415_0001104659-25-086699_tm2525088d1_ex99-2.htm:0]**  
- This strategic transaction is expected to improve the operating performance of DHC\u2019s SHOP communities, strengthen its balance sheet, and drive operational efficiencies and growth.  **[1075415_0001104659-25-086699_tm2525088d1_ex99-2.htm:0]** 
- For Q2 2025, DHC reported a **net loss of $91.6 million**, or **$0.38 per share**, and **Normalized FFO of $18.6 million**, or **$0.08 per share**.  **[1075415_0001104659-25-086699_tm2525088d1_8k.htm:3]** 
- DHC's leverage improved from **11.2x in Q4 2024 to 8.7x in Q2 2025**.  **[1075415_0001104659-25-086699_tm2525088d1_ex99-1.htm:6]**

DIVERSIFIED HEALTHCARE TRUST (DHC)