M&A Deal Summary

Welltower Acquires HealthLease Properties Real Estate Investment Trust

On August 13, 2014, Welltower acquired real estate company HealthLease Properties Real Estate Investment Trust for 950M USD

Acquisition Highlights
  • This is Welltower’s 4th transaction in the Real Estate sector.
  • This is Welltower’s largest (disclosed) transaction.
  • This is Welltower’s 1st transaction in Canada.
  • This is Welltower’s 1st transaction in Ontario.

M&A Deal Summary
Date 2014-08-13
Target HealthLease Properties Real Estate Investment Trust
Sector Real Estate
Buyer(s) Welltower
Deal Type Add-on Acquisition
Deal Value 950M USD
Advisor(s) BMO Capital Markets (Financial)
Goodmans (Legal)

Target

HealthLease Properties Real Estate Investment Trust

Toronto,, Ontario, Canada
HealthLease owns a modern, high-quality portfolio of seniors housing, post-acute and long-term care communities, with 53 properties in two Canadian provinces and eight U.S. states. The communities are leased to experienced tenant operators under long-term, triple-net lease structures.

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Buyer(S) 1

Buyer

Welltower

Toledo, Ohio, United States
Category Company
Sector Real Estate
Employees533
Revenue 6.5B USD (2023)
DESCRIPTION
Entrance to Welltower's corporate headquarters in Toledo, Ohio.
Entrance to Welltower's corporate headquarters in Toledo, Ohio.

Welltower is a real estate investment trust (REIT). The Company's portfolio ranges from healthcare real estate to senior housing communities, nursing/post-acute facilities, and medical office buildings.

DEAL STATS #
Overall 7 of 8
Sector (Real Estate) 4 of 4
Type (Add-on Acquisition) 4 of 5
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2014) 3 of 3
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-13 17 State-Of-The-Art Next Generation Communities

United States

The Next Generation communities each feature a mix of 70 post-acute beds and 30 assisted living beds, high-end common areas and amenities, private rooms and baths, and large rehabilitation therapy space.

Buy $369M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-26 Regal Lifestyle Communities

Toronto, Ontario, Canada

Regal Lifestyle Communities, Inc. is a provider of healthcare services.

Buy CA$764M
Mergr

Product

Company

Legal