Welltower Inc (HCN.N) Key Developments | Reuters.com
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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

75.78
0.26 +0.34%
3:19pm EDT