BIG DEAL MONDAY – Health Care REIT Announces Ambitious Investment Goal for Q1 2015

bdmWhile 2015 has gotten off to something of a slow start in the number of deals closing, Health Care REIT has big plans for the early part of the year.

Following its report of a record year of earnings to industry analysts, Health Care REIT announced its plans to making $2.2 billion of investments in the first quarter of 2015.  Health Care REIT expects the aggregate investment amount to be comprised of approximately $1.1 billion of seniors housing operating investments, $664 million of triple-net investments and $460 million of loan investments of which the majority is with Genesis Healthcare. HCN expects the aggregate investments to be approximately 52% in the United States, 30% in the United Kingdom and 18% in Canada

No doubt those acquisitions will be funded in part by Health Care REIT’s successful stock offering – announcing on March 2nd that it has successfully completed its public offering of 19,550,000 shares at a price of $75.50 per share for total gross proceeds of approximately $1.5 billion, which includes 2,550,000 shares sold pursuant to the underwriters’ exercise in full of their purchase option for additional shares.

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