Public REIT pays $391 million for assisted living portfolio in New England
By John B. Mugford
There is no doubt that Toledo, Ohio-based Health Care REIT (NYSE: HCN), is bullish on the seniors housing sector, as the publicly traded real estate investment trust (REIT) continues to rack up acquisitions in the space.
Validating this notion is the fact that the company grew its senior housing portfolio by 7.3 percent in 2014, part of total new investments of $3.7 billion – it also sold about $900 million worth of properties in what the company called “strategic” dispositions.
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