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Stock Market & Financial Investment News

News Breaks
January 7, 2014
06:02 EDTVTR, NHI, MPW, LTC, HR, HTA, HCN, HCP, SNH, OHIHealthcare REIT sector downgraded to Underweight at Wells Fargo
Wells Fargo downgraded the Healthcare REIT sector to Underweight from Market Weight citing the group's interest-rate sensitivity and a lack of visibility into the direction of market interest rates. In conjunction with the sector change, Wells downgraded to Underperform shares of Omega Healthcare (OHI) and Senior Housing (SNH). The firm keeps Outperform ratings on HCP Inc. (HCP), Health Care REIT (HCN) and Healthcare Trust (HTA).
News For OHI;SNH;HCP;HCN;HTA;HR;LTC;MPW;NHI;VTR From The Last 14 Days
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September 2, 2014
08:08 EDTHCPHCP, Brookdale complete creation of $1.2B CCRC JV
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06:08 EDTSNHSenior Housing agrees to purchase 23 medical office buildings for $539M
Senior Housing announced that it has agreed to acquire 23 Class A medical office buildings, or MOBs, for a purchase price of approximately $539M. The 23 properties contain approximately 2.2M square feet and are located in 12 states. The properties are currently 100% occupied for a weighted average term of 9.5 years, with no scheduled lease expiration before December 31, 2018. Seventy-two percent of the rents are payable by tenants with investment grade credit ratings and certain other tenants that are believed to have strong credit qualities but are unrated. SNH currently expects to assume approximately $30M of mortgage debt on two of the MOBs to be acquired and to fund the balance of the purchase price using cash on hand and drawings under its unsecured revolving bank credit facility. On a longer term basis, SNH expects to finance this acquisition with an appropriate mix of debt and equity capital, depending on the cost of such financings and future market conditions. The acquisition GAAP capitalization rate is expected to be approximately 6.4%. The 23 properties will be purchased in connection with the purchase by Select Income REIT (SIR) of Cole Corporate Income Trust.
06:07 EDTSNHSelect Income REIT to acquire Cole Corporate Income Trust for $3B
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August 19, 2014
16:17 EDTHTAHealthcare Trust appoints Robert Milligan as CFO
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