KeyBanc Capital Markets
CNL Healthcare Properties
CNL Healthcare MOB Portfolio
A Portfolio of 55 Medical Office Building Assets Owned By CNL Healthcare Properties has been acquired by Welltower. $1.25 Billion. Financial Advisor.
A Portfolio of 4 Outpatient Rehab Facilities Owned By CNL Healthcare Properties has been acquired by Global Medical REIT. $94 million. Financial Advisor.
About the Transactions
On May 15, 2019 Welltower Inc. completed the previously announced acquisition of 55 medical office building (MOB) assets from CNL Healthcare Properties for $1.25 billion. The 55 properties are affiliated with some of the nation’s premier health systems.
On April 15, 2019, CNL Healthcare Properties (“The Company”) completed the sale of a 4-property inpatient rehab facility (IRF) portfolio to Global Medical REIT Inc. (“GMRE”) for $94 million. In conjunction with the IRF portfolio acquisition, GMRE completed a $70.7 million follow-on equity offering in March 2019. KeyBanc Capital Markets (KBCM) was an active bookrunner on the offering.
KBCM was engaged by CNL Healthcare Properties to serve as both the strategic alternatives and sell-side advisor to The Company given its longstanding relationship with management and its deep rooted expertise in healthcare real estate.
About CNL Healthcare Properties
CNL Healthcare Properties, Inc., is a real estate investment trust (REIT) that focuses on investing in institutional quality properties in the seniors housing and healthcare sectors, including stabilized, value-add and ground-up development assets, as well as other income-producing properties, real-estate related securities and loans. CNL Financial Group, LLC is the sponsor of CNL Healthcare Properties.
Welltower Inc., an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.
About Global Medical REIT
Global Medical REIT Inc. is net-lease medical office REIT that acquires purpose-built healthcare facilities and leases those facilities to strong healthcare systems and groups with leading market share. GMRE’s real estate portfolio is comprised of 84 buildings, which are primarily leased on a triple-net basis and contains over 2.1 million net leasable square feet. These assets are concentrated in secondary and tertiary markets across the United States. The Company’s management team has significant healthcare, real estate and REIT experience and has long-established relationships with a wide range of healthcare providers.
For more information, contact:
KeyBanc Capital Markets
Managing Director & Group Head, Real Estate Investment Banking
Managing Director, Real Estate Investment Banking
Managing Director, Mergers & Acquisitions
Managing Director, Cain Brothers, a division of KeyBanc Capital Markets
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