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Stock Market & Financial Investment News

News Breaks
June 25, 2014
07:07 EDTARE, AVB, BRX, HCN, HCP, HIW, SLG, TCO, UDRMitsubishi UFJ to hold a conference
Property REIT Conference to be held in New York on June 25.
News For ARE;AVB;BRX;HCN;HCP;HIW;SLG;TCO;UDR From The Last 14 Days
Check below for free stories on ARE;AVB;BRX;HCN;HCP;HIW;SLG;TCO;UDR the last two weeks.
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August 19, 2014
07:56 EDTAVBAvalonBay price target raised to $166 from $150 at Cowen
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August 18, 2014
16:35 EDTHCNHealth Care REIT comments on Genesis Healthcare's merger with Skilled Healthcare
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August 15, 2014
10:32 EDTAVBHigh option volume stocks
High option volume stocks: BXR IRWD ACM CECO TCK JAH MNST AVB EDU DAR
10:01 EDTTCOOn The Fly: Analyst Upgrade Summary
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08:20 EDTTCOTaubman Centers upgraded at Morgan Stanley
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07:53 EDTTCOTaubman Centers upgraded to Overweight from Equal Weight at Morgan Stanley
August 14, 2014
08:38 EDTHCNHealth Care REIT expands relationship with Sunrise Senior Living
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August 13, 2014
08:06 EDTHCNHealth Care REIT agrees to acquire HealthLease Properties for $950M
Health Care REIT has agreed to acquire HealthLease Properties REIT in a transaction valued at $950M. HCN has also agreed to acquire 17 of Mainstreet's Next Generation® properties currently under construction and enter into a development partnership with Mainstreet with respect to 45 future properties, for a combined value of approximately $1.4B.
07:48 EDTHCNHealth Care REIT says to finance transaction over long-term
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07:46 EDTHCNHealth Care REIT to acquire HealthLease Properties REIT for $950M
Health Care REIT has entered into a definitive agreement to acquire the outstanding units of HealthLease Properties Real Estate Investment Trust for C$14.20 per unit on a fully diluted basis in an all-cash transaction valued at approximately $950M, including debt assumption. The HealthLease portfolio includes 53 high-quality seniors housing, post-acute care and long-term care communities that are managed by well-respected operators under long-term triple-net lease agreements. The purchase price of the Portfolio represents a 7.0% initial cash yield. HCN projects the acquisition of the Portfolio to be accretive to HCN’s FFOPS and FADPS by approximately 4c in year one. Additionally, HCN has entered into a partnership with Mainstreet Property Group, the external management company of HealthLease. All existing agreements between HealthLease and Mainstreet will be terminated at closing and HCN will not absorb any employees from either company. Mainstreet is the largest developer of seniors housing and post-acute facilities in the U.S. The partnership includes an agreement to acquire 17 state-of-the-art Next Generation communities that are managed by well-respected operators under long-term triple-net lease agreements. The Next Generation communities each feature a mix of 70 post-acute beds and 30 assisted living beds, high-end common areas and amenities, private rooms and baths, and large rehabilitation therapy space. HCN will acquire the Pipeline for approximately $369M representing a 7.5% initial cash yield, which is anticipated to be meaningfully accretive and close in tranches upon completion of construction beginning in 4Q14 through 1Q16.
August 11, 2014
08:34 EDTHIWHighwoods CFO Stevens to retire, EXCO Resources CFO Mulhern to succeed
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