HCP Inc said it will purchase 133 senior housing communities for $1.73 billion, including debt, from a joint venture between Emeritus Corp and Blackstone Real Estate Partners VI as an aging U.S. population lifts demand for retirement villages.The three largest publicly listed U.S. healthcare REITs -- HCP, Ventas Inc and H ealth Care REIT Inc < HCN.N> -- have been buying communities that provide access to nursing facilities over the last few years, especially after a 2007 law that gives these companies more room to grow.REITs can earn rents on leased properties and also capture the operating income from those facilities by retaining independent management for a fee.Emeritus, the nation's largest assisted living and memory care operator, will continue to operate these communities after the deal, HCP said.
Emeritus Corporation (Emeritus) is an operator of senior living communities (communities) in the United States. Shares of ESC fell by 0.04% or $-0.01/share to $22.93. In the past year, the shares have traded as low as $13.86 and as high as $23.34. On average, 156952 shares of ESC exchange hands on a given day and today's volume is recorded at 88709.
HCP, Inc. (HCP) is a real estate investment trust (REIT). Shares of HCP traded higher by 0.88% or $0.4/share to $45.92. In the past year, the shares have traded as low as $35.72 and as high as $47.75. On average, 2138170 shares of HCP exchange hands on a given day and today's volume is recorded at 1651083.
Ventas, Inc. is a real estate investment trust (REIT) with a geographically diverse portfolio of seniors housing and healthcare properties throughout the United States and Canada. Shares of VTR traded higher by 0.62% or $0.4/share to $64.71. In the past year, the shares have traded as low as $49.00 and as high as $68.15. On average, 1632070 shares of VTR exchange hands on a given day and today's volume is recorded at 1041368.
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