Health Care REIT buys stake in Canadian portfolio for $1B

05/8/2013 | Bloomberg

Health Care REIT is buying a 75% stake in a senior housing portfolio based in Canada. It is paying about $1 billion in cash and assumed debt for the 47-asset portfolio. Revera is the seller and will continue to operate the properties, which are based in Toronto, Ottawa, Vancouver, Calgary, Saskatoon and Winnipeg.

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