REIT Report: HCP plans HCR ManorCare spin-off

Troubled skilled nursing facilities portfolio to become a standalone company

By Murray W. Wolf

In August 2015, healthcare real estate investment trust (REIT) Ventas Inc. (NYSE: VTR) announced completion of the spin-off of its skilled nursing facility (SNF) portfolio into a publicly traded independent REIT called Care Capital Properties Inc. (NYSE: CCP). Now another healthcare REIT is pursuing a similar strategy.

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