Sign up for free newsletter

 

Stethoscope

HealthLease Properties REIT to be acquired by Health Care REIT


Health Care REIT (HCN) is to acquire HealthLease Properties Real Estate Investment Trust at a purchase price of CAD14.20 per unit in cash.

Zeke Turner, chair and CEO of HealthLease and founder and CEO of Mainstreet Property Group, says: “We sponsored HealthLease with the goal of delivering great value to unitholders by building a portfolio of best-in-class properties. It is very gratifying to enter into this transaction, which will yield a total return to investors who have held units since the IPO of approximately 27 per cent per annum."
 
Neil Labatte, chair of HealthLease's investment committee of independent trustees, says: “The transaction offers HealthLease unitholders a significant premium.  This can largely be attributed to the high quality portfolio of seniors housing and post-acute healthcare properties leased to a diversified mix of quality operating tenants that HealthLease has assembled since completing its initial public offering in June 2012." 

events
1 week 3 days from now - New York
1 week 5 days from now - New York
9 weeks 4 days from now - New York
11 weeks 2 days from now - Monte Carlo
listingsdirectory
Eden Rock Capital Management
Wed, 15/06/2016 - 17:30
UBS Global Asset Management
Fri, 06/05/2016 - 14:19
RFA (Richard Fleischman & Associates)
Tue, 05/04/2016 - 14:25
specialreports
other gfm publications