DOW JONES NEWSWIRES

HRPT Properties Trust (NYSE:HRP) (HRP) Tuesday said it has entered into multiple agreements to sell 48 medical office, clinic and biotech laboratory buildings for $565 million.

The real-estate investment trust said it expects to realize capital gains of about $215 million as a result of the sales of the buildings, which it has owned for an average of nine years.

Senior Housing Properties Trust (NYSE:SNH) (SNH), which was previously a unit of HRPT, is buying the properties. Both HRPT and Senior Housing Properties (NYSE:SNH) are managed by Reit Management & Research LLC.

-John Spence; 415-439-6400; AskNewswires@dowjones.com

    (END) Dow Jones Newswires   05-06-08 0910   Copyright (c) 2008 Dow Jones & Company, Inc.