Diversified Healthcare Trust

Diversified Healthcare Trust 5.625% Senior Notes due 2042 are senior debt securities issued by Diversified Healthcare Trust, a real estate investment trust specializing in healthcare and life sciences properties across the United States. These notes are designed to provide fixed-income investors with regular interest payments through a 5.625% annual coupon, maturing in 2042. As senior notes, they have priority in the creditor hierarchy, meaning holders are positioned ahead of equity investors in potential claims against the issuer’s assets. The underlying REIT owns an extensive portfolio—including medical office buildings, life sciences labs, and senior living communities—supporting healthcare service delivery and research nationwide. By issuing these notes, Diversified Healthcare Trust raises funds to support property acquisitions and operations while offering a long-term, relatively stable investment vehicle for those seeking exposure to the healthcare real estate sector through fixed income. These notes play a key role in diversifying the capital structure of the issuer and providing investors with access to the steady cash flows typical of the healthcare property market.