May 9, 2013
/PRNewswire/ -- CFG Capital Markets ("CFGCM"), Capital Funding Group, Inc.'s investment banking platform, acted as an advisor on the HealthLease Properties Real Estate Investment Trust's ("HealthLease") (TSX: HLP.UN) successful purchase of 13 senior housing and care facilities. Located in
, the 13 properties were acquired for a total purchase price of
The acquisition totaled 978 beds and consisted of four skilled nursing facilities ("SNFs"), comprising a total of 355 beds, eight combination assisted living/Alzheimer's facilities ("AL/ALZs"), comprising 563 beds, and one standalone Alzheimer facility ("ALZ"), comprising 60 beds.
, Chairman and CEO of HealthLease, said, "The CFGCM team's diverse backgrounds and strong ties to the senior industry were helpful in uncovering a transaction that had not been previously contemplated. Their willingness to understand the strategy and motivation of both organizations helped structure a great transaction. This built a bridge relationship between two like-minded groups that believe in developing and owning high-quality, market-leading assets. With an average age of less than 4 years old, this acquisition was a perfect fit with HealthLease's existing premier portfolio."
About CFG Capital Markets
CFG Capital Markets is the Investment Banking and Advisory arm of Capital Funding Group, Inc. CFGCM specializes in Buy-side/Sell-side Advisory Services, Capital Raising Services and Fixed Income Trading. CFG Capital Markets is a member of FINRA and SIPC.
For more information on CFG Capital Markets please visit:
Tim J. Cobb
, Managing Director,
, 410.513.8794, or
Steven A. Thomes
, Vice President,
SOURCE CFG Capital Markets