Health Care REIT provides update on Sunrise Senior Living acqiusition Health Care REIT (HCN) announced an update to its pending Sunrise Senior Living (SRZ) acquisition and its previously announced $925M acquisition pipeline. Health Care REIT and Sunrise have accelerated the buy-out of majority partners in certain joint venture properties associated with the previously announced Sunrise acquisition, which increases the expected real estate value at closing from approximately $1.9B to approximately $3.2B.
News For HCN;SRZ From The Last 14 Days
Check below for free stories on HCN;SRZ the last two weeks.
Health Care REIT files to sell 15.5M shares of common stock HCN intends to use the net proceeds from this offering to repay advances under its primary unsecured credit facility and for general corporate purposes, including investing in health care and seniors housing properties. Goldman, Sachs & Co. and RBC Capital Markets are acting as joint book-running managers for the offering.