Health Care REIT Inc to acquire HealthLease Properties REIT and partner with Mainstreet Property Group

Wednesday, 13 Aug 2014 06:45am EDT 

Health Care REIT Inc:Enters into definitive agreement to acquire outstanding units of HealthLease Properties Real Estate Investment Trust (HealthLease) for C$14.20 per unit on fully diluted basis in all-cash transaction valued at about $950 mln, including debt assumption.Enters into agreement with Mainstreet to provide mezzanine financing at attractive mid-teen interest rates and receive purchase rights at HCN's option for an additional 45 Next Generation development projects managed by well-respected operators under long-term triple-net lease agreements. 

Company Quote

1.04 +1.45%
21 Nov 2014