TOLEDO, Ohio, Dec. 27, 2017 /PRNewswire/ -- Welltower
Inc. (NYSE: HCN)
A message from Tom DeRosa,
CEO:
"In 2017, Welltower took major strides in optimizing its industry
leading health care real estate platform. Welltower is
committed to leading innovation in health care delivery by bringing
together efficient capital and modern, next generation real estate
to the best in class senior living and heath care services
providers as well as major health systems. As the entire
health care continuum moves to lower cost settings, while striving
to connect more closely with the health care consumer, Welltower's
singular strategy has never been more vital. In 2017 we took
the opportunity to dramatically enhance the quality of our assets
and our human capital, while de-levering our balance sheet and
significantly reducing corporate overhead. Why did we do this?
Because, we have never been more optimistic about our
business and our ability to drive shareholder value.
As we close out the year, I want to highlight some of the recent
milestones that underscore our optimism:
The Shops at Mission
Viejo –We are delighted to announce that we are bringing
world class outpatient care to this dynamic location in
collaboration with Simon, a global leader in the ownership of
premier shopping, dining, entertainment and mixed-use destinations,
in the form of a 105,000 Rental Square Foot outpatient center. This
center will focus on cancer care but also include an array of
health and medical services in partnership with the local health
system that has a hospital located adjacent to the site. This
represents the first time a major health system, a health care
REIT, and Simon have collaborated to bring health care to a vibrant
destination like The Shops at Mission
Viejo.
Manhattan Development – Welltower, in partnership with
Hines, has closed with a major institutional investor on a
Limited Partnership interest for the development site at
56th Street and Lexington Avenue in Manhattan. This represents the first time a
major investor of this type has invested in the development of
an urban senior living building along with a world class real
estate developer and a health care REIT. This further
indicates that health care real estate is becoming the next core,
institutional asset class.
Mark Shaver to Join Executive
Team from Johns Hopkins - On
January 3, 2018, Mark Shaver, VP of Business Development and
Strategic Alliances at Johns Hopkins Medicine, will join Welltower
as SVP, Strategy. Mark brings over 20 years of experience driving
strategic initiatives for one of the world's leading health systems
and will work across the Welltower platform to drive collaboration
with health systems, heath care services providers, payors and
technology companies. Mark's experience, energy and
reputation will most definitely enhance our strategy and we at
Welltower could not be more excited to welcome him into our
family.
It is my sincere hope that you and all those close to you have a
most happy, safe and healthy New Year."
About Welltower
Welltower Inc. (NYSE: HCN), an S&P 500
company headquartered in Toledo, Ohio, is driving the
transformation of health care infrastructure. The company invests
with leading seniors housing operators, post-acute providers and
health systems to fund the real estate infrastructure needed to
scale innovative care delivery models and improve people's wellness
and overall health care experience. Welltower™, a real estate
investment trust ("REIT"), owns interests in properties
concentrated in major, high-growth markets in the United
States, Canada and the United Kingdom, consisting of
seniors housing and post-acute communities and outpatient medical
properties. More information is available
at www.welltower.com.
Forward-Looking Statements and Risk Factors
This press release contains "forward-looking statements" as
defined in the Private Securities Litigation Reform Act of 1995.
When Welltower uses words such as "may," "will,"
"intend," "should," "believe," "expect," "anticipate," "project,"
"estimate," or similar expressions that do not relate solely to
historical matters, it is making forward-looking statements. In
particular, these forward-looking statements include, but are not
limited to, those relating to Welltower's opportunities to acquire,
develop, or sell properties; Welltower's ability to close
anticipated acquisitions, investments, or dispositions on currently
anticipated terms, or within currently anticipated timeframes; the
expected performance of Welltower's operators/tenants and
properties; and Welltower's investment and financing opportunities
and plans. Forward-looking statements are not guarantees of future
performance and involve risks and uncertainties that may cause
Welltower's actual results to differ materially from its
expectations discussed in the forward-looking statements. This may
be a result of various factors, including, but not limited to: the
status of the economy; the status of capital markets, including
availability and cost of capital; competition within the health
care and seniors housing industries; negative developments in the
operating results or financial condition of operators/tenants,
including, but not limited to, their ability to pay rent and repay
loans; the failure to make new investments or acquisitions as and
when anticipated; natural disasters and other acts of God affecting
Welltower's properties; operator/tenant or joint venture partner
bankruptcies or insolvencies; the cooperation of joint venture
partners; unanticipated difficulties and/or expenditures relating
to future investments or acquisitions; and other risks described in
Welltower's reports filed from time to time with
the Securities and Exchange Commission.
Finally, Welltower undertakes no obligation to update or
revise publicly any forward-looking statements, whether because of
new information, future events, or otherwise, or to update the
reasons why actual results could differ from those projected in any
forward-looking statements.
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SOURCE Welltower Inc.