HREIF News Alert Healthlease Properties Real Estate Investment
Post# of 273249
Health Care REIT to Acquire HealthLease Properties REIT and Partner with Mainstreet Property Group
Business Wire - Wed Aug 13, 6:45AM CDT
Health Care REIT, Inc. ("HCN" (NYSE:HCN) announced today that it has entered into a definitive agreement to acquire the outstanding units of HealthLease Properties Real Estate Investment Trust ("HealthLease" (TSX:HLP.UN) for CAD$14.20 per unit on a fully diluted basis in an all-cash transaction valued at approximately USD$950 million, including debt assumption. The HealthLease portfolio (the "Portfolio" includes 53 high-quality seniors housing, post-acute care and long-term care communities that are managed by well-respected operators under long-term triple-net lease agreements. The purchase price of the Portfolio represents a 7.0% initial cash yield. HCN projects the acquisition of the Portfolio to be accretive to HCN's FFOPS and FADPS by approximately $0.04 in year one.
Blackhawk Network Holdings, Inc.Corporate Event Announcement Notice
Wall Street Horizon - Wed Feb 19, 8:04PM CST
HealthLease Properties Real Estate Investment Trust (TSX: HLP.UN) ("HealthLease" or "the REIT" today announced the completion of its three pre-leased development properties. Two properties have begun generating rental income from their respective tenants, and third one will commence operations in March 2013. The total projected annual lease amount for the three properties is approximately $4.1 million.
Document Security Systems, Inc.Corporate Event Announcement Notice
Wall Street Horizon - Wed Feb 19, 7:55PM CST
HealthLease Properties Real Estate Investment Trust (the "REIT" (TSX: HLP.UN) announced today a cash distribution in the amount of $0.07083 per unit for the month of February 2013. The distribution will be payable on March 15, 2013 to unitholders of record as at February 28, 2013.
HealthLease Properties Real Estate Investment Trust Announces Completion of Acquisition of 12 Senior Housing and Care Properties
PR Newswire - Thu Aug 01, 7:30AM CDT
HealthLease Properties Real Estate Investment Trust (HLP.UN) ("HealthLease" or "the REIT" announced today that it has successfully completed the acquisitions of two senior housing portfolios that consist of an aggregate of 12 senior housing and care properties in the U.S. and Canada, previously announced on July 2, 2013. The U.S. portfolio consists of six properties totaling 495 beds, including one property in each of North Carolina and Ohio and four in Virginia, with a purchase price of US$77.6 million. The Canadian portfolio is located in Alberta and totals 468 beds, and was acquired for a purchase price of $69.7 million. The combined portfolios have an average age of approximately five years. The acquisition was partially funded by proceeds from a $69 million equity offering that closed July 23, 2013. Both acquisitions are anticipated to be accretive to the REIT.
IIROC Trade Resumption - HealthLease Properties Real Estate Investment Trust
Newsfile Corp - Wed Jul 03, 7:21AM CDT
Trading resumes in:
IIROC Trade Halt - HealthLease Properties Real Estate Investment Trust
Newsfile Corp - Tue Jul 02, 2:30PM CDT
The following issues have been halted by IIROC:
Mainstreet Property Group, LLC sells facility to HealthLease Properties Real Estate Investment Trust in exchange for exchangeable units
PR Newswire - Tue Jul 02, 7:30AM CDT
Mainstreet Property Group, LLC ("Mainstreet" announced today that, in connection with the acquisition by HealthLease Properties Real Estate Investment Trust (the "REIT" of a newly-built, fully-leased 100-unit seniors housing and care facility from Mainstreet (the "Acquisition" , Mainstreet received, as consideration, beneficial ownership of (a) an aggregate of 446,481 special voting units ("Special Voting Units" of the REIT, together with (b) the corresponding 446,481 class B limited partnership units ("Class B Units" of a subsidiary limited partnership of the REIT, which Class B Units are economically equivalent to and exchangeable for REIT units on a one-for-one basis. The Class B Units issued to Mainstreet in connection with the Acquisition represent a 2.1% interest in the REIT (on a fully exchanged basis). Mainstreet remains the sole owner of the Class B limited partnership units.
IIROC Trade Resumption - HLP.UN (all issues)
CNW Group - Fri Mar 22, 7:24AM CDT
Trading resumes in:
HealthLease Properties Real Estate Investment Trust Announces March 2013 Distribution
CNW Group - Tue Mar 19, 7:30AM CDT
HealthLease Properties Real Estate Investment Trust (the "REIT" (TSX: HLP.UN) announced today a cash distribution in the amount of $0.07083 per unit for the month of March 2013. The distribution will be payable on April 15, 2013 to unitholders of record as at March 28, 2013.
HealthLease Properties Real Estate Investment Trust Provides Q&A Update for 2012 Fourth Quarter
CNW Group - Thu Mar 07, 5:00PM CST
HealthLease Properties Real Estate Investment Trust (HLP.UN) ("HealthLease" or "the REIT" provides below answers to questions received since our last Q&A Update on January 25, 2013.
HealthLease Properties Real Estate Investment Trust Announces 2012 Fourth Quarter and Year-end Results
CNW Group - Wed Mar 06, 4:00PM CST
HealthLease Properties Real Estate Investment Trust (HLP.UN) ("HealthLease" or "the REIT" today announced its financial results for the three months and year ended December 31, 2012. HealthLease completed its initial public offering (the "IPO" on June 20, 2012, and the three-month period represents the REIT's second full quarter of operation.
Notice of HealthLease Properties Real Estate Investment Trust 2012 Fourth Quarter Results Conference Call
CNW Group - Tue Feb 26, 7:30AM CST
HealthLease Properties Real Estate Investment Trust (HLP.UN) ("HealthLease" or "the REIT" will release its fiscal 2012 fourth quarter and year-end results on Wednesday, March 6, 2013, after markets close. Management of the REIT will hold a conference call at 3:00 p.m. ET on Thursday, March 7, 2013 to review the financial results. The call will be hosted by Zeke Turner, Chairman and CEO.
HealthLease Properties Real Estate Investment Trust Provides Q&A Update for January 2013
CNW Group - Fri Jan 25, 5:00AM CST
HealthLease Properties Real Estate Investment Trust (HLP.UN) ("HealthLease" or "the REIT" provides below answers to questions received since our last Q&A Update on December 28, 2012.