Mainstreet Property Group announced today that the board of trustees of its affiliated REIT has approved the acquisition of 13 senior housing and care properties. HealthLease Properties Real Estate Investment Trust (TSX: HLP.UN) will acquire properties located in North Carolina, Pennsylvania and Virginia totaling 978 beds for an aggregate purchase price of $141.7 million. The […]
HealthLease Property REIT
After snapping up several large ‘Class A’ senior living portfolios between 2011 and the present, real estate investment trusts (REITs), hungry to keep their margins healthy, are casting wider nets that may include off-market deals, other asset types, and new development. “The biggest challenge the REITs are currently facing is a shortage of quality properties […]
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