Quarterly Results

Quarter

1Q 2019

First Quarter 2019 Highlights
  • Acquired a $445 million portfolio of nine recently-built, continuum of care, senior housing communities concentrated primarily in Florida and operated by Discovery Senior Living ("Discovery")
  • Acquired a $113 million portfolio of three recently-built senior housing communities in California operated by Oakmont Senior Living ("Oakmont"), and converted four existing high-quality Oakmont-operated communities in California from triple-net leases to RIDEA structures
  • Completed the conversion of 18 senior housing communities operated by Sunrise Senior Living ("Sunrise") from triple-net leases to RIDEA structures
  • Added three new medical office developments with a total estimated spend of $70 million to our HCA Healthcare ("HCA") development program
  • Closed on the previously announced life science acquisition of 87 CambridgePark Drive for $71 million and an adjacent land site, 101 CambridgePark Drive, for consideration of up to $27 million
  • Received a credit rating upgrade from Moody's to Baa1 from Baa2
  • Published our 8th annual Sustainability Report aligned with the Global Reporting Initiative ("GRI"), highlighting our environmental, social and governance ("ESG") goals and achievements
  • Reaffirmed full-year 2019 FFO as adjusted and total portfolio SPP Cash NOI guidance
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