Key Developments: Health Care REIT Inc (HCN.N)
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Latest Key Developments (Source: Significant Developments)
Health Care Reit Inc Declares Second Quarter Dividend
Health Care Reit Inc announced that its Board of Directors declared a cash dividend for the quarter ended June 30, 2013 of $0.765 per share, payable August 20, 2013, to stockholders of record on August 6, 2013. Full Article
CNL Lifestyle Properties Inc's Subsidiaries Completes Sale Of Interests In Three Joint Ventures To Health Care Reit Inc-Form 8-K
CNL Lifestyle Properties Inc reported in its Form 8-K that on July 1, 2013, pursuant to three purchase and sale agreements between three subsidiaries of CNL Lifestyle Properties, Inc. (Company), respectively, as seller, and Health Care REIT, Inc. (HCN), as purchaser, the Company completed its sale to HCN of all of its interests in three joint ventures with Sunrise Senior Living Investments, Inc. (Sunrise) for a sales price of approximately $195.4 million. The Sunrise Joint Ventures Disposition was effectuated pursuant to: a Purchase and Sale Agreement between CLP SL II Holding, LLC, a subsidiary of the Company, as seller, and HCN, as purchaser, dated December 18, 2012 with respect to the CLPSUN Partners II, LLC joint venture; a Purchase and Sale Agreement between CLP SL III Holding, LLC, a subsidiary of the Company, as seller, and HCN, as purchaser, dated December 18, 2012 with respect to the CLPSUN Partners III, LLC joint venture; and a Purchase and Sale Agreement between CLP Senior Holding, LLC, an affiliate of the Company, as seller, and HCN, as purchaser, dated December 18, 2012 with respect to the CC3 Acquisition, LLC joint venture. The Sunrise Joint Ventures Disposition was a result of the intent to exercise purchase options under each of the agreements for the CNL Sunrise Joint Venture and HCN’s merger with Sunrise in January 2013 and was conditioned upon the Company’s receipt of certain proceeds as set forth in each of the CNL Sunrise Joint Venture Agreements. Full Article
Health Care Reit Inc Completes $1.7 Billion Common Stock Offering
Health Care Reit Inc announced that it has completed its public offering of 23,000,000 shares of common stock at a price of $73.50 per share for total gross proceeds of approximately $1.7 billion. Total shares sold includes 3,000,000 shares sold pursuant to the underwriters` exercise in full of their option to purchase additional shares. The Company intends to use the net proceeds from this offering to repay advances under its unsecured lines of credit, to repay other outstanding indebtedness and for general corporate purposes, including investing in health care real estate and seniors housing properties. UBS Investment Bank, Deutsche Bank Securities, Wells Fargo Securities, Barclays, Citigroup, J.P. Morgan and RBC Capital Markets acted as joint book-running managers for the offering. Full Article
Health Care Reit Inc Announces Pricing Of 20,000,000 Shares Of Common Stock At $73.50 Per Share
Health Care Reit Inc announced the pricing of its underwritten public offering of 20,000,000 shares of common stock at $73.50 per share. The offering was increased in size from 18,000,000 shares. The Company has granted the underwriters an option to purchase up to an additional 3,000,000 shares during the next 30 days. The Company estimates that the gross proceeds from this offering will be approximately $1.5 billion (or approximately $1.7 billion if the underwriters option is exercised in full). The company intends to use the net proceeds from this offering to repay advances under HCN`s unsecured lines of credit, to repay other outstanding indebtedness and for general corporate purposes, including investing in health care real estate and seniors housing properties. UBS Investment Bank, Deutsche Bank Securities, Wells Fargo Securities, Barclays, J.P. Morgan, Citigroup and RBC Capital Markets acted as joint book-running managers for the offering. Full Article
Health Care Reit Inc To Buy Stake In Canadian Senior Living Portfolio-Reuters
Reuters reported that Health Care Reit Inc said it will acquire a 75% stake in privately held Canadian senior living services provider Revera Inc's $1.35 billion housing community portfolio. The portfolio, which is currently owned by Revera, primarily comprises independent living communities, the companies said in a statement. The deal is expected to close in the second quarter of 2013. Full Article
Health Care Reit Inc Reaffirms FY 2013 FFO Guidance
Health Care Reit Inc announced that for fiscal 2013, it expects normalized FFO in a range of $3.70 to $3.80 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $3.76 for fiscal 2013. Full Article
Health Care Reit Inc Declares First Quarter Dividend
Health Care Reit Inc announced that Board of Directors declared a cash dividend for the quarter ended March 31, 2013 of $0.765 per share. The dividend will be payable on May 20, 2013, to stockholders of record on May 7, 2013. Full Article
Health Care Reit Inc Announces Ratings Upgrade From Standard & Poor's Ratings Services
Health Care Reit Inc announced that Standard & Poor's Ratings Services has raised the company's corporate credit rating to BBB from BBB- with a stable outlook. The report cites the company's diversified and quality portfolio, ability to generate steady cash flow growth and improving credit metrics for the upgrade. Full Article
Health Care Reit Inc Issues FY 2013 FFO Guidance Below Analysts' Estimates
Health Care Reit Inc announced that for fiscal 2013, it expects to report net income attributable to common stockholders in a range of $1.30 to $1.40 per diluted share; normalized FFO in a range of $3.70 to $3.80 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $3.88 for fiscal 2013. Full Article
Health Care Reit Inc Declares Fourth Quarter Dividend
Health Care Reit Inc announced that its Board of Directors declared a cash dividend for the quarter ended December 31, 2012 of $0.765 per share. The dividend will be payable February 20, 2013, to stockholders of record on February 5, 2013. Full Article
Health Care REIT to buy stake in Canadian senior living portfolio
May 8 - Health Care REIT Inc said it will acquire a 75 percent stake in privately held Canadian senior living services provider Revera Inc's $1.35 billion housing community portfolio.

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