REIT Report

Karen DeSalvo M.D., MPH

News Release: Welltower Announces Addition of National Health Care Executives to Board

NEWS PROVIDED BY Welltower Inc.  08:00 ET TOLEDO, Ohio, Dec. 4, 2018 /PRNewswire/ — Welltower Inc (NYSE:  WELL) announced today the appointments of Karen DeSalvo, MD and Johnese Spisso, MPA to its Board of Directors. “On behalf of the entire Board of Directors, I am delighted to welcome Karen and Johnese to the Welltower Board,” said Jeff Donahue, Board Chair. “These two […]

News Release: American Healthcare Investors Negotiates Credit Facility of up to $650 Million on Behalf of Griffin-American Healthcare REIT IV

News Release: American Healthcare Investors Negotiates Credit Facility of up to $650 Million on Behalf of Griffin-American Healthcare REIT IV

Irvine, Calif. (Nov. 27, 2018) – American Healthcare Investors, LLC and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT and certain of its subsidiaries have entered into a new credit facility totaling $400 million with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Key Bank Capital Markets and […]

REIT Report: More MOB buys in HCP’s future?

Yes, according to the REIT’s officials during a recent Q2 earnings call with analysts By John B. Mugford So far, 2018 has been quite a busy year for Irvine, Calif.-based HCP Inc. (NYSE: HCP), a longtime health care focused real estate investment trust (REIT) that has been taking significant steps to reconfigure its portfolio. While […]

News Release: Carter Validus Mission Critical REIT II, Inc. Reports Third Quarter 2018 Results

News Release: Carter Validus Mission Critical REIT II, Inc. Reports Third Quarter 2018 Results

Tampa, Fla.–(Business Wire)–Carter Validus Mission Critical REIT II, Inc., or the Company, announced today its financial and operating results for the quarter ended September 30, 2018. 2018 Third Quarter Summary Net income attributable to common stockholders totaled $7.7 million. Net operating income, or NOI, totaled $36.1 million. Funds from operations, or FFO, as defined by the […]

News Release: HCP Upgraded by S&P Global Ratings to BBB+ with Stable Outlook

Irvine, Calif., Oct. 31, 2018 /PRNewswire/ — HCP, Inc. (NYSE: HCP) today announced that S&P Global Ratings (“S&P”) upgraded its corporate credit rating to BBB+ from BBB, with a stable outlook. S&P based the ratings upgrade on HCP’s repositioning efforts which have improved the quality of the portfolio, reduced tenant concentration and significantly lowered leverage. “We […]

News Release: HCP Reports Third Quarter 2018 Results

Irvine, Calif., Oct. 31, 2018 /PRNewswire/ — HCP, Inc. (NYSE: HCP) today announced results for the third quarter ended September 30, 2018.  For the quarter, we generated net income of $0.21 per share, FFO of $0.33 per share and FFO as adjusted of $0.44 per share. Quarterly and Recent Highlights –      Under contract to sell our […]

News Release: Physicians Realty Trust Reports Third Quarter 2018 Financial Results

Announces $0.12 Per Share of Net Income and $0.28 Per Share of Normalized FFO for the Third Quarter of 2018 Announces Acquisition of the Northside Medical Midtown MOB Third Quarter Highlights: Reported third quarter 2018 total revenue of $105.0 million, up 13% over the prior year period. Generated third quarter net income per share and […]

News Release: Welltower Reports Third Quarter 2018 Results

Oct 30, 2018, 06:30 ET Toledo, Ohio, Oct. 30, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced results for the quarter ended September 30, 2018. For the quarter, we generated net income attributable to common stockholders of $0.17 per share and normalized FFO attributable to common stockholders of $1.04 per share. Quarterly Highlights Increased normalized 2018 FFO guidance to $4.02 to $4.07 per diluted share from $3.99 to $4.06 per […]

REIT Report: Flagship’s new REIT off and running

Flagship Healthcare Trust is a private REIT with 37 properties and 1.2 million sf. By John B. Mugford As Charlotte, N.C.-based Flagship Healthcare Properties continued to grow its portfolio of owned medical office buildings (MOBs) and healthcare facilities, its leaders decided in 2016 to “pause” and examine whether their ownership structure was the best one […]

News Release: Healthcare Trust of America, Inc. Reports Third Quarter 2018 Earnings

Normalized FFO of $0.41 Per Diluted Share Same-Property Cash NOI Growth of 2.5% Completed $306 Million of Dispositions in Non-Core Properties Healthcare Trust of America, Inc. (NYSE: HTA) (“HTA”) announced results for the three and nine months ended September 30, 2018. Operating

News Release: NorthWest Healthcare Properties Real Estate Investment Trust Files Final Base Shelf Prospectus

News Release: NorthWest Healthcare Properties Real Estate Investment Trust Files Final Base Shelf Prospectus

Toronto, Oct. 19, 2018 /CNW/ – NorthWest Healthcare Properties Real Estate Investment Trust (the “REIT“) (TSX: NWH.UN) announced today that it has filed and obtained a receipt for a final base shelf prospectus (the “Shelf Prospectus“). The Shelf Prospectus was filed with the securities regulatory authorities in each of the provinces and territories of Canada. The REIT has […]

News Release: Griffin-American Healthcare REIT IV Acquires Portfolio of Skilled Nursing Facilities in Missouri for $88.2 Million

News Release: Griffin-American Healthcare REIT IV Acquires Portfolio of Skilled Nursing Facilities in Missouri for $88.2 Million

Louis, Oct. 4, 2018/PRNewswire/ — American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today that the REIT has acquired a portfolio of skilled nursing facilities located throughout the state of Missouri for $88.2 million. Missouri Skilled Nursing Facility Portfolio is comprised of eight facilities totaling 1,112 licensed beds and approximately 385,000 square […]

News Release: Griffin-American Healthcare REIT III Announces Updated Estimated Per Share Net Asset Value of $9.37

News Release: Griffin-American Healthcare REIT III Announces Updated Estimated Per Share Net Asset Value of $9.37

Irvine, Calif. (Oct. 4, 2018) – Griffin-American Healthcare REIT III, Inc. announced today that its board of directors has approved an updated estimated per share net asset value (“NAV”) of its common stock of $9.37 calculated as of June 30, 2018. Previously, on Oct. 5, 2016, the board approved an estimated per share NAV of […]

REIT Report: G-A REIT IV is picking up the pace

REIT Report: G-A REIT IV is picking up the pace

Despite high pricing for MOBs, the non-traded REIT is finding buys to its liking By John B. Mugford It’s been a number of years since the country’s healthcare-focused, non-traded real estate investment trusts (REITs) have been included among the most-aggressive pursuers and investors of the highest-quality medical office buildings (MOBs) put on the market.

John Goodey has been named Executive Vice President and Chief Financial Officer of Welltower. (PRNewsfoto/Welltower Inc.)

News Release: Welltower Closes $1.3 Billion Senior Unsecured Notes Offering

Toledo, Ohio, Aug. 16, 2018 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced that it has successfully closed its offering of $1.3 billion in aggregate principal amount of senior unsecured notes across three tranches with a weighted average maturity of 15.4 years and blended yield to maturity of 4.4%, including $600 million in 3.95% notes due 2023, $200 million in 4.25% notes due 2028, and $500 million in […]