Chicago-based health care REIT Ventas recently renewed and expanded its borrowing power, closing a $3 billion unsecured credit facility this week. However, Ventas remains in the same stock slump as other property REITs.
Healthcare REIT share values rose enormously earlier in the year, with Ventas’ stock reaching $84.11 per share in late May. The sector's stock valuations began dropping shortly after that. After a $2 per share increase following the credit fa
Register to view the full article
This article is part of our premium content subscription. You need to subscribe to gain access to premium content.
Why Register for NREIonline? It's simple and free, and here is what you get:
• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.
Already a member? Log in.