Updated: Quality Care Properties’ Sets Short Deadline for Receiving Past Due Rent from HCR ManorCare

After reaching an impasse to take over its largest tenant, Quality Care Properties (NYSE: QCP) has now given troubled skilled nursing center operator HCR ManorCare Inc. until the end of the week to pay off $79.6 million in past due rent. Failure to do so “will constitute an event of default requiring the immediate payment of an additional approximately $265 million of deferred rent obligations and permit the QCP lessors to terminate the master…

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