Welltower announced plans to acquire two medical office portfolios totaling over $1.6 billion that will expand its presence in the growing outpatient medical sector. The acquisitions include a $391 million portfolio currently owned by Hammes Partners and a $1.25 billion national portfolio from CNL Healthcare Properties. The portfolios are expected to generate an initial yield of 5.6% and 5.7% respectively. The acquisitions increase Welltower's exposure to outpatient medical properties to 26% of its portfolio and strengthen relationships with leading health systems.
Teck’s Q2 2019 Financial Results and Investors’ Conference CallTeckResourcesLtd
Teck released its second quarter 2019 earnings results on Thursday, July 25, 2019 before market open.
The company will hold an investor conference call to discuss the second quarter 2019 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Thursday, July 25, 2019. The conference call dial-in is 416.204.1547 or toll free 866.215.0058, no pass code required. Media are invited to attend on a listen-only basis.
Webinar: “Hospitals, Capital, and Cashflow Under COVID-19”PYA, P.C.
Hospitals and providers need to think creatively, strategically, and long-term about capital and cashflow under the pressures of the COVID-19 pandemic. A one-hour webinar hosted by PYA discussed the current state of capital markets for non-profit healthcare systems, and considerations for capital management, including the role of real estate assets.
PYA Principal Michael Ramey joined Realty Trust Group Senior Vice-President Michael Honeycutt and Ponder & Company Managing Director Jeffrey B. Sahrbeck to present “Hospitals, Capital, and Cashflow, Under COVID-19” In this webinar, they covered:
Hospital industry capital market updates and trends, including how the capital markets are responding to the crisis.
Access to capital under recent regulations.
Cash preservation techniques for hospitals considering real estate operations and assets.
The webinar took place Thursday, April 9, 2020, at 11 a.m. EDT.
Teck’s Q2 2019 Financial Results and Investors’ Conference CallTeckResourcesLtd
Teck released its second quarter 2019 earnings results on Thursday, July 25, 2019 before market open.
The company will hold an investor conference call to discuss the second quarter 2019 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Thursday, July 25, 2019. The conference call dial-in is 416.204.1547 or toll free 866.215.0058, no pass code required. Media are invited to attend on a listen-only basis.
Webinar: “Hospitals, Capital, and Cashflow Under COVID-19”PYA, P.C.
Hospitals and providers need to think creatively, strategically, and long-term about capital and cashflow under the pressures of the COVID-19 pandemic. A one-hour webinar hosted by PYA discussed the current state of capital markets for non-profit healthcare systems, and considerations for capital management, including the role of real estate assets.
PYA Principal Michael Ramey joined Realty Trust Group Senior Vice-President Michael Honeycutt and Ponder & Company Managing Director Jeffrey B. Sahrbeck to present “Hospitals, Capital, and Cashflow, Under COVID-19” In this webinar, they covered:
Hospital industry capital market updates and trends, including how the capital markets are responding to the crisis.
Access to capital under recent regulations.
Cash preservation techniques for hospitals considering real estate operations and assets.
The webinar took place Thursday, April 9, 2020, at 11 a.m. EDT.
Critical issues in hospital and health system m&a fall 2014Rex James Burgdorfer
Since the enactment of the Affordable Care Act, the pace of hospital and health system consolidation has accelerated to a level not seen since the late 1990s, when hospitals were reacting to the formation of HMOs. The year 2013 saw a total of 87 consolidation transactions, following 105 in 2012. This volume represents a significant increase over 58, the median number of transactions completed each year between 2001 and 2011. Unlike the last wave of consolidation, which was driven primarily by financial and reimbursement considerations, today’s hospital mergers are just as likely to be between financially strong partners as they are to be in response to challenged operations or economics. Hospital companies increasingly are turning to mergers and acquisitions as a tool to improve quality, manage risk, access capital and contend with the changing regulatory environment. The articles in this collection explore the drivers of the current wave of consolidation, address the causes of transaction failures and review the range of structural alternatives available in the marketplace.
Centric Health Corporation - Investor Presentation - May 2020SharePitch
Updated investor presentation for Centric Health Corporation (TSX: CHH). Updates include the competion of the Remedy'sRx acquisition and first quarter financial results.
NeoStem, Inc. (“NeoStem” or the “Company”), a biopharmaceutical company, is capitalizing on the paradigm shift occurring in medicine by engaging in the development and manufacture of cellular therapies for oncology, immunology, and regenerative medicines in the United States. The Company anticipates that cell therapy will play a significant role in the fight against chronic disease and in lessening the economic burden that these diseases pose to modern society.
Based in Ann Arbor, Michigan, Zomedica is a veterinary health company creating diagnostic and therapeutic products for horses, dogs, and cats by focusing on the unmet needs of clinical veterinarians. With modest cash burn and a strong balance sheet, including $142.4 million cash and cash equivalents as of June 30, 2023, Zomedica is well-positioned to fund both organic growth and acquisitions.
Key Trends in ASC Valuations: Benchmark and use common valuation methodologiesCBIZ, Inc.
The increase in transaction activity in the health care industry has resulted in increased regulatory scrutiny. Having an accurate valuation is critical for avoiding costly mistakes and maintaining compliance. Learn about these topics and key trends in ASC valuations in this article by Tami Bolder who leads the Valuation & Litigation Advisory practice for CBIZ MHM, LLC.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
MC Heights-Best Construction Company in jhanglaraibfatim009
MC Heights stands as the epitome of excellence in construction within Jhang. With a commitment to unparalleled quality and innovative design, MC Heights redefines urban living in the heart of Jhang. Offering luxurious residential spaces, cutting-edge commercial complexes, and vibrant community areas, MC Heights caters to the diverse needs of modern lifestyles. Our dedication to superior craftsmanship and customer satisfaction ensures that every aspect of MC Heights exceeds expectations, making it the premier choice for those seeking unparalleled sophistication and comfort in Jhang.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Newman George Leech
Oeiras Tech City, a historic development in the Oeiras municipality of Lisbon, is acquired by RE Capital and REIG. It is located on a 93,000-square-meter plot of land and combines co-living, business, and residential areas. It highlights ESG principles and is close to Tagus Park, which improves the urban landscape of Lisbon.
Avrupa Konutlari Yenimahalle - Listing TurkeyListing Turkey
Welcome to Avrupa Konutları Yenimahalle, where luxury living meets unparalleled convenience in the heart of Istanbul. Developed by Artaş Holding, one of Turkey’s leading construction companies, this prestigious residential project offers a contemporary lifestyle experience like no other.
https://listingturkey.com/property/avrupa-konutlari-yenimahalle/
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
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Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
2. Forward Looking Statements
This document contains “forward-looking” statements as that term is defined in the Private Securities Litigation Reform Act of 1995. When we use words
such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “pro forma,” “estimate” or similar expressions that do not relate solely to
historical matters, we are making forward-looking statements. In particular, these forward-looking statements include, but are not limited to, those relating to
our company’s ability to close the CNL portfolio acquisition on currently anticipated terms or within currently anticipated timeframes, and the expected
performance of the acquired businesses; our company’s opportunities to acquire, develop or sell properties; our ability to close anticipated acquisitions,
investments or dispositions on currently anticipated terms, or within currently anticipated timeframes; the expected performance of our operators/tenants and
properties; our expected occupancy rates; our ability to declare and to make distributions to stockholders; our investment and financing opportunities and
plans; our continued qualification as a real estate investment trust (“REIT”); our ability to access capital markets or other sources of funds; and our ability to
meet our earnings guidance.
Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause our actual results to differ materially
from our expectations discussed in the forward-looking statements. This may be a result of various factors, including, but not limited to: the satisfaction of
closing conditions to the CNL portfolio acquisition, including the receipt of regulatory approvals and lender or third-party consents; the respective parties’
performance of their obligations under the CNL portfolio transaction agreements; the receipt of applicable healthcare licenses and governmental approvals;
unanticipated difficulties and/or expenditures relating to the CNL portfolio acquisition; the status of the economy; the status of capital markets, including
availability and cost of capital; issues facing the health care industry, including compliance with, and changes to, regulations and payment policies,
responding to government investigations and punitive settlements and operators’/tenants’ difficulty in cost-effectively obtaining and maintaining adequate
liability and other insurance; changes in financing terms; competition within the health care and seniors housing industries; negative developments in the
operating results or financial condition of operators/tenants, including, but not limited to, their ability to pay rent and repay loans; our ability to transition or sell
properties with profitable results; the failure to make new investments or acquisitions as and when anticipated; natural disasters and other acts of God
affecting our properties; our ability to re-lease space at similar rates as vacancies occur; our ability to timely reinvest sale proceeds at similar rates to assets
sold; operator/tenant or joint venture partner bankruptcies or insolvencies; the cooperation of joint venture partners; government regulations affecting
Medicare and Medicaid reimbursement rates and operational requirements; liability or contract claims by or against operators/tenants; unanticipated
difficulties and/or expenditures relating to future investments or acquisitions; environmental laws affecting our properties; changes in rules or practices
governing our financial reporting; the movement of U.S. and foreign currency exchange rates; our ability to maintain our qualification as a REIT; key
management personnel recruitment and retention; and other risks described in our reports filed from time to time with the Securities and Exchange
Commission. Finally, we assume no obligation to update or revise any forward-looking statements, whether because of new information, future events or
otherwise, or to update the reasons why actual results could differ from those projected in any forward-looking statements.
2
3. Capital Markets Update
3
Acquired $559M at 5.6% yield
• Hammes: $391M at 5.6%
Acquisitions
Dispositions
Disposed of $383M at 2.6% yield
• Includes all remaining $239M of non-yielding
QCP assets
Equity
Issuance
$552M of gross proceeds from 8.1M shares
• Average issuance price of $68.41 per share
4th Quarter Capital Markets Activity
4. Strategic Capital Deployment Into OM & Health Systems(1)
41. Based on In-Place NOI. See the Supplemental Reporting Measures section of our 3Q18 Supplemental for additional information and reconciliation of In-Place NOI to GAAP net income. In addition, the 3Q17 concentration is based
on In-Place NOI as disclosed and reconciled in the 3Q17 Supplemental. See the Supplemental Reporting Measures at the end of this presentation for a reconciliation of Pro Forma In-Place NOI.
2. Comprises Seniors Housing Triple-Net and Seniors Housing Operating properties.
3Q17
SENIORS
HOUSING(2)
70%
OUTPATIENT
MEDICAL
17%
LONG-TERM/
POST-ACUTE CARE
13%
In-Place
NOI
3Q18 Pro Forma
In-Place
NOI
SENIORS
HOUSING(2)
64%
OUTPATIENT
MEDICAL &
HEALTH
SYSTEM
26%
LONG-TERM/
POST-ACUTE CARE
10%
Portfolio Optimization Represents Significant
Enhancement in Quality of Cash Flow
6. Welltower to Acquire Class A Medical Office Portfolio
6
Portfolio
Highlights
• 55 medical office building portfolio diversified across 16 states
• 3.3 million square feet has significant overlap and synergies with existing WELL
footprint
• Properties are 92% affiliated with premier health systems
• 2.4% weighted average annual rent increase
Transaction
Details
• National portfolio to be acquired for $1.25 billion
• Initial cash yield is anticipated to be 5.7%
• Strategic expansion of outpatient medical and health system segments supported by
high quality and strong credit-backed cash flow
• Development opportunity on two acquisition sites with Cleveland Clinic and Summit
Medical Group
Unique
Perspective
• Leveraged proprietary data science and analytics platform to identify opportunity
overlooked by market
• Portfolio affiliated with strong hospitals and health systems with zero exposure to “at
risk” hospitals based on WELL risk analysis
• Properties located in high-potential markets based on proprietary predicted gross
rent and net need statistics
UT Cancer Center
Huntersville Physicians
330 Physicians MOB
7. Affiliated System Rating % of RSF
A1 19.8%
A1 6.9%
Ba3 5.9%
Aa2 5.6%
A3 5.3%
A 4.2%
Aa3 3.7%
Aa2 3.3%
Aa2 3.1%
BBB+ 3.0%
Strategically Located with Best-In-Class Health Systems
7
Significant Overlap with WELL Footprint Top Rated Health System Affiliations
Other Key Health System Relationships
8. High Quality Cash Flow with Investment Grade Credit Support
8
16%
26%
50%
8%
Adj. to Campus
Off-Campus Aff.
On-Campus
Off-Campus Non-Aff
On Campus & Affiliated
28%
42%
13%
17%
Top 10 Top 10-50
Top 50-100 Top 100+
Top MSA Concentration
90%
10%
Investment Grade
Non-Investment Grade
Top Rated Credit
26%
12%
10%
8%
7%
37%
NC CA TX
TN FL All Other
Geographic Diversity
92% Affiliated 76%+ A-Rated Credit
70%+ in Top 50 MSAsSpread Over 16 States
Calvert Medical Arts ꟾ Washington-Alexandria MSA
Red Bank Professional MOB ꟾ Cincinnati MSA
All percentages based on budgeted NOI
9. Portfolio Snapshot
9
Midtown Medical Plaza ꟾ Charlotte-Concord MSA
Siena V and VI ꟾ Las Vegas-Henderson MSAMedHelp Medical Office Building ꟾ Birmingham-Hoover MSA
10. Portfolio Snapshot II
10
Chula Vista II ꟾ San Diego-Carlsbad MSAClaremont Medical Office Building ꟾ Los Angeles-Long Beach MSA
Spivey Station Physicians Center ꟾ Atlanta MSA Coral Springs MOB I and II ꟾ Miami-Ft. Lauderdale MSA
11. Welltower’s Unique Perspective & Capabilities
11
Hospital Risk AssessmentMarket Potential = Opportunity
Predicted
Gross
Rents
Physician
Net Need
Market
Potential
• Risk assessment analyzes hospitals and health systems
based on widely accepted parameters including financial
and operating performance
• Hospitals are ranked based on relative health and further
categorized based on risk profile
Overview
• All hospitals in target medical office building trade area’s are
considered financially healthy based on operating
performance and capital expenditure
• None of the hospitals in the target portfolio are
categorized “at risk”
• Lower ranked hospitals are in markets with limited acute-
care beds within 10-mile radius
Target Portfolio Analysis
Acquisition Portfolio Relative Market Potential
13. Hammes Medical Office Portfolio Acquisition
13
Portfolio
Details
➢ 23 properties totaling 979,000 rentable square feet
➢ Portfolio spans 12 metro markets
➢ Average age of 10 years
➢ 96% affiliated with health systems with opportunity to drive
future partnerships
➢ 94% occupied
Deploying Capital in Class-A Outpatient Medical Portfolio and Driving Future Growth Opportunities
Acquisition
Details
➢ 150,000 sq. ft. of land for development at UNC
➢ Purchase Price of $391 million
➢ Initial yield of 5.6%
➢ Strengthens relationships with several key relationships while
introducing new health systems into the portfolio
Top Health System Tenants
• 25k physicians
• 51 hospitals
• 23 hospitals
• 650 outpatient
facilities
• 3.2k physicians
• 1.4m patients
• 2.6k locations
• 165k associates
• 400 physicians
• 14 hospitals
17. Pro Forma Reconciliation
17
$ s in tho us ands
3Q'18
Annualized In-
P lace NOI(1) % o f To tal
Hammes
P o rtfo lio
Acquis itio n
(2)
CNL P o rtfo lio
Acquis itio n
(3)
Other
Inves tment
Activity (4)
P ro Fo rma
Annualized In-
P lace NOI % o f To tal
Senio rs Ho us ing Operating 1,021,020$ 47.9% -$ -$ 3,686$ 1,024,706$ 45.9%
395,720 18.6% - - - 395,720 17.7%
343,504 16.1% 21,877 71,250 3,823 440,454 19.7%
143,204 6.7% - - - 143,204 6.4%
229,772 10.7% - - (1,589) 228,183 10.3%
2,133,220$ 100.0% 21,877$ 71,250$ 5,920$ 2,232,267$ 100.0%
No tes :
(1)
(2)
(3)
(4)
P ro Fo rma Adjus tments
Senio rs Ho us ing Triple-Net
Lo ng-Term/P o s t-Acute
Outpatient Medical
Health Sys tem
See the Supplemental Repo rting Meas ures s ectio n o f o ur 3Q18 Supplemental fo r additio nal info rmatio n and reco nciliatio n o f In-P lace NOIto
P ro fo rma adjus tment to reflect the $ 391millio n Hammes acquis itio n as if the trans actio n o ccurred o n J uly 1, 2018. See pages 12 to 15 o f this
pres entatio n fo r further info rmatio n o n the trans actio n in additio n to o ur P res s Releas e dated December 4, 2018. P ro fo rma adjus tments are
bas ed o n es timates and as s umptio ns and are preliminary in nature, and s ho uld no t be as s umed to be an indicatio n o f the res ults that wo uld have
been achieved had the trans actio n been co mpleted as o f the date indicated.
P ro fo rma adjus tment to reflect the $ 1.25 billio n CNL P o rtfo lio acquis itio n as if the trans actio n o ccurred o n J uly 1, 2018. See pages 5 to 11o f this
pres entatio n fo r further info rmatio n o n the trans actio n in additio n to o ur P res s Releas e dated J anuary 2, 2019. P ro fo rma adjus tments are bas ed
o n es timates and as s umptio ns and are preliminary in nature, and s ho uld no t be as s umed to be an indicatio n o f the res ults that wo uld have been
achieved had the trans actio n been co mpleted as o f the date indicated.
P ro fo rma adjus tment to reflect o ther inves tment and dis po s itio n activity actually o ccurring during the fo urth quarter o f 2018 as if s uch trans actio ns
had o ccurred o n J uly 1, 2018. P ro fo rma adjus tments are bas ed o n es timates and as s umptio ns and are preliminary in nature, and s ho uld no t be
as s umed to be an indicatio n o f the res ults that wo uld have been achieved had the trans actio ns been co mpleted as o f the date indicated. On J une
27, 2018, we anno unced the trans itio n o f 63 pro perties fro m Bro o kdale Senio r Living Inc. to o ther vario us o perato rs . During the fo urth quarter o f
2018, 35 o f thes e pro perties were trans itio ned. No te that the impact o f thes e co mpleted trans itio ns are no t included.