HealthLease Properties Real Estate Inve (HLP.UN) Stock Price, News & Analysis

HealthLease Properties Real Estate Investment Trust is an open-ended real estate investment. It owns the land and buildings, and leases them to operators on a long-term, triple-net lease basis. In addition, the Company has announced the sale of Avalon Springs Health Campus to Trilogy Real Estate of Porter, LLC. In March 2014, the Company completed the acquisition of two triple-net leased, 100-unit seniors housing and care facilities from Mainstreet Property Group, LLC. Its two facilities are Clearvista Lake Campus located in Castleton, Indiana and Arlington Place Health Campus, located in Indianapolis, Indiana. Effective April 15, 2014, the Company acquired Continuum II Portfolio of Continuum Health Care Holdings Ltd and SP III Senior Care Portfolio of Smith/Packett Med-Com LLC. In May 2014, the Company acquired a senior housing and care portfolio, Smith Packet III. In July 2014, the Company acquired senior care facility in High River, Alberta from Continuum Healthcare Holdings, Ltd.