REIT - McKnight's Long Term Care News

REIT

Jeff Walraven

Healthcare REITs seek opportunity abroad

A number of REITs are acquiring foreign assets as a way to grow, further diversify their investments and expand their international presence and pipeline for new opportunities. While this trend is fairly new, there are important implications to consider on an industry and global scale.

HCP agrees to $125 million settlement with Ventas

HCP Inc. will pay $125 million to settle a lawsuit filed by fellow real estate investment trust Ventas, on top of HCP’s recent $102.8 million payment to Ventas for compensatory damages.

REITs continue buying binge: Ventas spends $7.4 billion for Nationwide Health Properties …

Ventas announced Monday that it was on the verge of becoming the largest healthcare real estate investment trust in the country by buying Nationwide Health Properties for $7.4 billion. The stock deal, which is expected to close in the third quarter of 2011, pending regulatory and shareholder approvals, would leave Ventas with ownership of more than 1,300 facilities in 47 states and two Canadian provinces.

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