HUNT VALLEY, Md. — In a blockbuster transaction between publicly traded REITs, Omega Healthcare Investors (NYSE: OHI) has acquired 24 seniors housing communities from Healthpeak Properties (NYSE: PEAK) for $510 million.
Brookdale operates the entire portfolio, which is located across Arizona, California, Florida, Illinois, New Jersey, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington. OHI is taking on the in-place master lease, with total rent in 2021 of $43.5 million and a 2.4 percent annual escalator.
The announcement came through Omega’s fourth-quarter earnings report, released late on Thursday, Feb. 4. Further details on the transaction and properties have not yet been released.
Healthpeak has been on a disposition spree to start off 2021. The company also sold 10 Aegis Living properties to Aegis and Blue Moon Capital Partners for $350 million earlier this year. The company is attempting to sell off the bulk of its seniors housing portfolio, while increasing its investments in the life sciences and medical office sectors.