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Transactions: Bye, bye, bio. Hello, more healthcare.

Health Care REIT is selling its share of 88 Sidney St. and six other bioscience assets at University Park at MIT in Cambridge, Mass., for a tidy profit. Photo courtesy of Forest City Enterprises

Health Care REIT is selling its share of 88 Sidney St. and six other bioscience assets at University Park at MIT in Cambridge, Mass., for a tidy profit.
Photo courtesy of Forest City Enterprises

Health Care REIT plans to sell its life sciences holdings and reinvest in HRE

By Murray W. Wolf

In today’s low interest rate environment, it can be difficult to find moderate-risk investments that will deliver double-digit returns. But Toledo, Ohio-based Health Care REIT Inc. (NYSE: HCN) appears to have done just that with its investment in a bioscience real estate portfolio in University Park, a mixed-use bioscience campus adjacent to the Massachusetts Institute of Technology (MIT) in Cambridge, Mass.

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