Medical Office REIT Healthcare Trust Expects to be Active in Acquisitions in 2017

Robert Milligan, CFO of Healthcare Trust of America (NYSE: HTA), joined REIT.com for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

Milligan explained that Healthcare Trust, a medical office building specialist, focuses on 20 to 25 gateway markets where the company expects to see growth in the next 10 to 20 years.

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NorthStar Realty Finance Plans to Acquire Griffin-American Healthcare REIT for $4 Billion

Diversified commercial real estate investment company NorthStar Realty Finance Corp. (NYSE: NRF) said Aug. 5 that it plans to acquire Griffin-American Healthcare REIT II, Inc., a public, non-listed REIT (PNLR),  in a stock and cash transaction totaling $ 4 billion.

The transaction is expected to close in the fourth quarter. Under the terms of the deal, Griffin-American stockholders will receive $ 7.75 per share in cash and $ 3.75 per share in NorthStar Realty common stock. As part of the deal, NorthStar would assume $ 600 million in debt from Griffin-American.

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Ventas to Purchase ARC Healthcare in $2.6 Billion Deal

Ventas, Inc. (NYSE: VTR) said June 2 it has agreed to purchase American Realty Capital Healthcare Trust, Inc. (NASDAQ: HCT) in a stock and cash transaction valued at $ 2.6 billion.

Under the terms of the agreement, ARC Healthcare shareholders will have the option to receive either 0.1688 Ventas common shares or $ 11.33 in cash for each share of ARC Healthcare stock they own, representing a premium of approximately 14 percent over ARC Healthcare’s closing stock price on May 30.

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American Realty Capital Healthcare Trust Lists on NASDAQ

American Realty Capital Healthcare Trust, Inc. (NASDAQ: HCT), which was created in 2011 as a public non-listed REIT, began trading April 7 on the NASDAQ Global Select Market.

In early trading on April 7, the share price of ARC Healthcare stock gained about 5 percent. The company also announced a tender offer to purchase up to $ 150 million in common stock from its shareholders.

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