Discovery Senior Living Enters Management Agreements with Diversified Healthcare Trust, Deepens Industry Leadership Position Adding a 42 Community, Multi-State Portfolio

Bonita Springs, Florida--(Newsfile Corp. - October 8, 2025) - Discovery Senior Living ("Discovery" or the "Company") and its affiliated subsidiaries, one of the most trusted and the largest privately held senior housing operators in the U.S., is pleased to announce it has entered into multiple management agreements with Diversified Healthcare Trust ("DHC") (NASDAQ: DHC) to operate a 42-community senior living portfolio. The scale and complexity of this transaction underscore Discovery's position as a trusted, go-to operating partner for the healthcare REIT sector, uniquely capable of integrating and optimizing large, multi-state portfolios while protecting performance and enhancing asset value.

The new portfolio spans multiple key states where Discovery already operates, including Texas, South Carolina, Pennsylvania, North Carolina, Missouri, Maryland, and Georgia, creating operational synergies and strengthening the Company's existing regional density and expertise.

"We are thrilled to partner with DHC on this significant portfolio and to bring outstanding, best-in-class senior living experiences to residents and families while simultaneously driving performance and long-term value for our ownership stakeholders," said Richard Hutchinson, Chief Executive Officer of Discovery Senior Living.

"This portfolio is reflective of the type of opportunity our platform was purpose-built to handle. Years of disciplined investment, continuous stress-testing, and innovation have created a model that supports large-scale community and portfolio growth while delivering sustainable, predictable outcomes for the most sophisticated ownership groups in the industry. This multi-state portfolio also fits seamlessly within our existing footprint where our distinct Management Companies' leadership teams and infrastructure are already deep and proven."

Discovery's Model Built for Institutional Owners and Built to Scale

Discovery's differentiated model, underpinned by bespoke Management Companies run by exceptionally qualified business leaders, and focused on specific geographies, product types and markets combined with centralized subject matter expertise, give ownership groups access to a unique combination; the nimbleness of hyper-local market leadership supported with the depth, discipline, and centralized shared resources of a national platform. This model is deliberately designed to meet the increasing complexity and performance expectations of healthcare REITs and other institutional owners.