SlideShare une entreprise Scribd logo
1  sur  17
Télécharger pour lire hors ligne
Outpatient Medical
Acquisition Update
January 2019
Forward Looking Statements
This document contains “forward-looking” statements as that term is defined in the Private Securities Litigation Reform Act of 1995. When we use words
such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “pro forma,” “estimate” or similar expressions that do not relate solely to
historical matters, we are making forward-looking statements. In particular, these forward-looking statements include, but are not limited to, those relating to
our company’s ability to close the CNL portfolio acquisition on currently anticipated terms or within currently anticipated timeframes, and the expected
performance of the acquired businesses; our company’s opportunities to acquire, develop or sell properties; our ability to close anticipated acquisitions,
investments or dispositions on currently anticipated terms, or within currently anticipated timeframes; the expected performance of our operators/tenants and
properties; our expected occupancy rates; our ability to declare and to make distributions to stockholders; our investment and financing opportunities and
plans; our continued qualification as a real estate investment trust (“REIT”); our ability to access capital markets or other sources of funds; and our ability to
meet our earnings guidance.
Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause our actual results to differ materially
from our expectations discussed in the forward-looking statements. This may be a result of various factors, including, but not limited to: the satisfaction of
closing conditions to the CNL portfolio acquisition, including the receipt of regulatory approvals and lender or third-party consents; the respective parties’
performance of their obligations under the CNL portfolio transaction agreements; the receipt of applicable healthcare licenses and governmental approvals;
unanticipated difficulties and/or expenditures relating to the CNL portfolio acquisition; the status of the economy; the status of capital markets, including
availability and cost of capital; issues facing the health care industry, including compliance with, and changes to, regulations and payment policies,
responding to government investigations and punitive settlements and operators’/tenants’ difficulty in cost-effectively obtaining and maintaining adequate
liability and other insurance; changes in financing terms; 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; our ability to transition or sell
properties with profitable results; the failure to make new investments or acquisitions as and when anticipated; natural disasters and other acts of God
affecting our properties; our ability to re-lease space at similar rates as vacancies occur; our ability to timely reinvest sale proceeds at similar rates to assets
sold; operator/tenant or joint venture partner bankruptcies or insolvencies; the cooperation of joint venture partners; government regulations affecting
Medicare and Medicaid reimbursement rates and operational requirements; liability or contract claims by or against operators/tenants; unanticipated
difficulties and/or expenditures relating to future investments or acquisitions; environmental laws affecting our properties; changes in rules or practices
governing our financial reporting; the movement of U.S. and foreign currency exchange rates; our ability to maintain our qualification as a REIT; key
management personnel recruitment and retention; and other risks described in our reports filed from time to time with the Securities and Exchange
Commission. Finally, we assume no obligation to update or revise 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.
2
Capital Markets Update
3
Acquired $559M at 5.6% yield
• Hammes: $391M at 5.6%
Acquisitions
Dispositions
Disposed of $383M at 2.6% yield
• Includes all remaining $239M of non-yielding
QCP assets
Equity
Issuance
$552M of gross proceeds from 8.1M shares
• Average issuance price of $68.41 per share
4th Quarter Capital Markets Activity
Strategic Capital Deployment Into OM & Health Systems(1)
41. Based on In-Place NOI. See the Supplemental Reporting Measures section of our 3Q18 Supplemental for additional information and reconciliation of In-Place NOI to GAAP net income. In addition, the 3Q17 concentration is based
on In-Place NOI as disclosed and reconciled in the 3Q17 Supplemental. See the Supplemental Reporting Measures at the end of this presentation for a reconciliation of Pro Forma In-Place NOI.
2. Comprises Seniors Housing Triple-Net and Seniors Housing Operating properties.
3Q17
SENIORS
HOUSING(2)
70%
OUTPATIENT
MEDICAL
17%
LONG-TERM/
POST-ACUTE CARE
13%
In-Place
NOI
3Q18 Pro Forma
In-Place
NOI
SENIORS
HOUSING(2)
64%
OUTPATIENT
MEDICAL &
HEALTH
SYSTEM
26%
LONG-TERM/
POST-ACUTE CARE
10%
Portfolio Optimization Represents Significant
Enhancement in Quality of Cash Flow
CNL Portfolio Acquisition
5
Welltower to Acquire Class A Medical Office Portfolio
6
Portfolio
Highlights
• 55 medical office building portfolio diversified across 16 states
• 3.3 million square feet has significant overlap and synergies with existing WELL
footprint
• Properties are 92% affiliated with premier health systems
• 2.4% weighted average annual rent increase
Transaction
Details
• National portfolio to be acquired for $1.25 billion
• Initial cash yield is anticipated to be 5.7%
• Strategic expansion of outpatient medical and health system segments supported by
high quality and strong credit-backed cash flow
• Development opportunity on two acquisition sites with Cleveland Clinic and Summit
Medical Group
Unique
Perspective
• Leveraged proprietary data science and analytics platform to identify opportunity
overlooked by market
• Portfolio affiliated with strong hospitals and health systems with zero exposure to “at
risk” hospitals based on WELL risk analysis
• Properties located in high-potential markets based on proprietary predicted gross
rent and net need statistics
UT Cancer Center
Huntersville Physicians
330 Physicians MOB
Affiliated System Rating % of RSF
A1 19.8%
A1 6.9%
Ba3 5.9%
Aa2 5.6%
A3 5.3%
A 4.2%
Aa3 3.7%
Aa2 3.3%
Aa2 3.1%
BBB+ 3.0%
Strategically Located with Best-In-Class Health Systems
7
Significant Overlap with WELL Footprint Top Rated Health System Affiliations
Other Key Health System Relationships
High Quality Cash Flow with Investment Grade Credit Support
8
16%
26%
50%
8%
Adj. to Campus
Off-Campus Aff.
On-Campus
Off-Campus Non-Aff
On Campus & Affiliated
28%
42%
13%
17%
Top 10 Top 10-50
Top 50-100 Top 100+
Top MSA Concentration
90%
10%
Investment Grade
Non-Investment Grade
Top Rated Credit
26%
12%
10%
8%
7%
37%
NC CA TX
TN FL All Other
Geographic Diversity
92% Affiliated 76%+ A-Rated Credit
70%+ in Top 50 MSAsSpread Over 16 States
Calvert Medical Arts ꟾ Washington-Alexandria MSA
Red Bank Professional MOB ꟾ Cincinnati MSA
All percentages based on budgeted NOI
Portfolio Snapshot
9
Midtown Medical Plaza ꟾ Charlotte-Concord MSA
Siena V and VI ꟾ Las Vegas-Henderson MSAMedHelp Medical Office Building ꟾ Birmingham-Hoover MSA
Portfolio Snapshot II
10
Chula Vista II ꟾ San Diego-Carlsbad MSAClaremont Medical Office Building ꟾ Los Angeles-Long Beach MSA
Spivey Station Physicians Center ꟾ Atlanta MSA Coral Springs MOB I and II ꟾ Miami-Ft. Lauderdale MSA
Welltower’s Unique Perspective & Capabilities
11
Hospital Risk AssessmentMarket Potential = Opportunity
Predicted
Gross
Rents
Physician
Net Need
Market
Potential
• Risk assessment analyzes hospitals and health systems
based on widely accepted parameters including financial
and operating performance
• Hospitals are ranked based on relative health and further
categorized based on risk profile
Overview
• All hospitals in target medical office building trade area’s are
considered financially healthy based on operating
performance and capital expenditure
• None of the hospitals in the target portfolio are
categorized “at risk”
• Lower ranked hospitals are in markets with limited acute-
care beds within 10-mile radius
Target Portfolio Analysis
Acquisition Portfolio Relative Market Potential
Hammes Acquisition
12
Hammes Medical Office Portfolio Acquisition
13
Portfolio
Details
➢ 23 properties totaling 979,000 rentable square feet
➢ Portfolio spans 12 metro markets
➢ Average age of 10 years
➢ 96% affiliated with health systems with opportunity to drive
future partnerships
➢ 94% occupied
Deploying Capital in Class-A Outpatient Medical Portfolio and Driving Future Growth Opportunities
Acquisition
Details
➢ 150,000 sq. ft. of land for development at UNC
➢ Purchase Price of $391 million
➢ Initial yield of 5.6%
➢ Strengthens relationships with several key relationships while
introducing new health systems into the portfolio
Top Health System Tenants
• 25k physicians
• 51 hospitals
• 23 hospitals
• 650 outpatient
facilities
• 3.2k physicians
• 1.4m patients
• 2.6k locations
• 165k associates
• 400 physicians
• 14 hospitals
Hammes Portfolio Snapshot
14
Elmhurst Memorial Addison Health CenterProvidence Britton Plaza
CHI St Luke’s The Vintage
Welltower’s Expanded Outpatient Medical Portfolio
15
Hammes Portfolio
Supplemental Reporting
Measures
16
Pro Forma Reconciliation
17
$ s in tho us ands
3Q'18
Annualized In-
P lace NOI(1) % o f To tal
Hammes
P o rtfo lio
Acquis itio n
(2)
CNL P o rtfo lio
Acquis itio n
(3)
Other
Inves tment
Activity (4)
P ro Fo rma
Annualized In-
P lace NOI % o f To tal
Senio rs Ho us ing Operating 1,021,020$ 47.9% -$ -$ 3,686$ 1,024,706$ 45.9%
395,720 18.6% - - - 395,720 17.7%
343,504 16.1% 21,877 71,250 3,823 440,454 19.7%
143,204 6.7% - - - 143,204 6.4%
229,772 10.7% - - (1,589) 228,183 10.3%
2,133,220$ 100.0% 21,877$ 71,250$ 5,920$ 2,232,267$ 100.0%
No tes :
(1)
(2)
(3)
(4)
P ro Fo rma Adjus tments
Senio rs Ho us ing Triple-Net
Lo ng-Term/P o s t-Acute
Outpatient Medical
Health Sys tem
See the Supplemental Repo rting Meas ures s ectio n o f o ur 3Q18 Supplemental fo r additio nal info rmatio n and reco nciliatio n o f In-P lace NOIto
P ro fo rma adjus tment to reflect the $ 391millio n Hammes acquis itio n as if the trans actio n o ccurred o n J uly 1, 2018. See pages 12 to 15 o f this
pres entatio n fo r further info rmatio n o n the trans actio n in additio n to o ur P res s Releas e dated December 4, 2018. P ro fo rma adjus tments are
bas ed o n es timates and as s umptio ns and are preliminary in nature, and s ho uld no t be as s umed to be an indicatio n o f the res ults that wo uld have
been achieved had the trans actio n been co mpleted as o f the date indicated.
P ro fo rma adjus tment to reflect the $ 1.25 billio n CNL P o rtfo lio acquis itio n as if the trans actio n o ccurred o n J uly 1, 2018. See pages 5 to 11o f this
pres entatio n fo r further info rmatio n o n the trans actio n in additio n to o ur P res s Releas e dated J anuary 2, 2019. P ro fo rma adjus tments are bas ed
o n es timates and as s umptio ns and are preliminary in nature, and s ho uld no t be as s umed to be an indicatio n o f the res ults that wo uld have been
achieved had the trans actio n been co mpleted as o f the date indicated.
P ro fo rma adjus tment to reflect o ther inves tment and dis po s itio n activity actually o ccurring during the fo urth quarter o f 2018 as if s uch trans actio ns
had o ccurred o n J uly 1, 2018. P ro fo rma adjus tments are bas ed o n es timates and as s umptio ns and are preliminary in nature, and s ho uld no t be
as s umed to be an indicatio n o f the res ults that wo uld have been achieved had the trans actio ns been co mpleted as o f the date indicated. On J une
27, 2018, we anno unced the trans itio n o f 63 pro perties fro m Bro o kdale Senio r Living Inc. to o ther vario us o perato rs . During the fo urth quarter o f
2018, 35 o f thes e pro perties were trans itio ned. No te that the impact o f thes e co mpleted trans itio ns are no t included.

Contenu connexe

Tendances

3Q19 Corporate Presentation 112619
3Q19 Corporate Presentation 1126193Q19 Corporate Presentation 112619
3Q19 Corporate Presentation 112619Welltower
 
Welltower Fixed Income December 2020
Welltower Fixed Income December 2020Welltower Fixed Income December 2020
Welltower Fixed Income December 2020Welltower
 
1Q20 Fixed Income
1Q20 Fixed Income1Q20 Fixed Income
1Q20 Fixed IncomeWelltower
 
3 q20 fixed income presentation
3 q20 fixed income presentation3 q20 fixed income presentation
3 q20 fixed income presentationWelltower
 
QTS Q4 2020 Earnings Presentation
QTS Q4 2020 Earnings PresentationQTS Q4 2020 Earnings Presentation
QTS Q4 2020 Earnings PresentationKelly Michael
 
Blx webcast presentation 2 q21 v final (1)
Blx webcast presentation 2 q21 v final (1)Blx webcast presentation 2 q21 v final (1)
Blx webcast presentation 2 q21 v final (1)Bladex
 
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...KeppelCorporation
 
Q1 2021 Earnings Presentation
Q1 2021 Earnings PresentationQ1 2021 Earnings Presentation
Q1 2021 Earnings PresentationQTSDataCenters
 
Q2 2020 Earnings Presentation
Q2 2020 Earnings PresentationQ2 2020 Earnings Presentation
Q2 2020 Earnings PresentationQTSDataCenters
 
Teck’s Q2 2019 Financial Results and Investors’ Conference Call
Teck’s Q2 2019 Financial Results and Investors’ Conference CallTeck’s Q2 2019 Financial Results and Investors’ Conference Call
Teck’s Q2 2019 Financial Results and Investors’ Conference CallTeckResourcesLtd
 
Blx webcast presentation_4q21
Blx webcast presentation_4q21Blx webcast presentation_4q21
Blx webcast presentation_4q21Bladex
 
Webinar: “Hospitals, Capital, and Cashflow Under COVID-19”
Webinar: “Hospitals, Capital, and Cashflow Under COVID-19”Webinar: “Hospitals, Capital, and Cashflow Under COVID-19”
Webinar: “Hospitals, Capital, and Cashflow Under COVID-19”PYA, P.C.
 
Q1 2020 Earnings Presentation
Q1 2020 Earnings PresentationQ1 2020 Earnings Presentation
Q1 2020 Earnings PresentationQTSDataCenters
 
Cw 1 q18 earnings presentation final (1)
Cw 1 q18 earnings presentation final (1)Cw 1 q18 earnings presentation final (1)
Cw 1 q18 earnings presentation final (1)q4curtisswright
 
Q2 2019 Earnings Presentation
Q2 2019 Earnings PresentationQ2 2019 Earnings Presentation
Q2 2019 Earnings PresentationQTSDataCenters
 
Q3 2020 Earnings Presentation
Q3 2020 Earnings PresentationQ3 2020 Earnings Presentation
Q3 2020 Earnings PresentationQTSDataCenters
 
Blx webcast presentation_3q21_v_final
Blx webcast presentation_3q21_v_finalBlx webcast presentation_3q21_v_final
Blx webcast presentation_3q21_v_finalBladex
 

Tendances (20)

3Q19 Corporate Presentation 112619
3Q19 Corporate Presentation 1126193Q19 Corporate Presentation 112619
3Q19 Corporate Presentation 112619
 
Welltower Fixed Income December 2020
Welltower Fixed Income December 2020Welltower Fixed Income December 2020
Welltower Fixed Income December 2020
 
1Q20 Fixed Income
1Q20 Fixed Income1Q20 Fixed Income
1Q20 Fixed Income
 
3 q20 fixed income presentation
3 q20 fixed income presentation3 q20 fixed income presentation
3 q20 fixed income presentation
 
QTS Q4 2020 Earnings Presentation
QTS Q4 2020 Earnings PresentationQTS Q4 2020 Earnings Presentation
QTS Q4 2020 Earnings Presentation
 
Blx webcast presentation 2 q21 v final (1)
Blx webcast presentation 2 q21 v final (1)Blx webcast presentation 2 q21 v final (1)
Blx webcast presentation 2 q21 v final (1)
 
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...
Investor Presentation on Acquisition of Singapore Press Holdings Limited excl...
 
Q1 2021 Earnings Presentation
Q1 2021 Earnings PresentationQ1 2021 Earnings Presentation
Q1 2021 Earnings Presentation
 
Q2 2020 Earnings Presentation
Q2 2020 Earnings PresentationQ2 2020 Earnings Presentation
Q2 2020 Earnings Presentation
 
2Q'17 Level 3 Earnings Presentation
2Q'17 Level 3 Earnings Presentation2Q'17 Level 3 Earnings Presentation
2Q'17 Level 3 Earnings Presentation
 
Teck’s Q2 2019 Financial Results and Investors’ Conference Call
Teck’s Q2 2019 Financial Results and Investors’ Conference CallTeck’s Q2 2019 Financial Results and Investors’ Conference Call
Teck’s Q2 2019 Financial Results and Investors’ Conference Call
 
Blx webcast presentation_4q21
Blx webcast presentation_4q21Blx webcast presentation_4q21
Blx webcast presentation_4q21
 
Webinar: “Hospitals, Capital, and Cashflow Under COVID-19”
Webinar: “Hospitals, Capital, and Cashflow Under COVID-19”Webinar: “Hospitals, Capital, and Cashflow Under COVID-19”
Webinar: “Hospitals, Capital, and Cashflow Under COVID-19”
 
1Q 2021 Earnings Presentation
1Q 2021 Earnings Presentation1Q 2021 Earnings Presentation
1Q 2021 Earnings Presentation
 
Q1 2020 Earnings Presentation
Q1 2020 Earnings PresentationQ1 2020 Earnings Presentation
Q1 2020 Earnings Presentation
 
Cw 1 q18 earnings presentation final (1)
Cw 1 q18 earnings presentation final (1)Cw 1 q18 earnings presentation final (1)
Cw 1 q18 earnings presentation final (1)
 
Q2 2019 Earnings Presentation
Q2 2019 Earnings PresentationQ2 2019 Earnings Presentation
Q2 2019 Earnings Presentation
 
Q3 2020 Earnings Presentation
Q3 2020 Earnings PresentationQ3 2020 Earnings Presentation
Q3 2020 Earnings Presentation
 
Blx webcast presentation_3q21_v_final
Blx webcast presentation_3q21_v_finalBlx webcast presentation_3q21_v_final
Blx webcast presentation_3q21_v_final
 
US GAAP to IFRS
US GAAP to IFRSUS GAAP to IFRS
US GAAP to IFRS
 

Similaire à OM Acquisition Update

3Q18 Fixed Income Final
3Q18 Fixed Income Final3Q18 Fixed Income Final
3Q18 Fixed Income FinalWelltower
 
3Q18 Corporat Presentation 1.1
3Q18 Corporat Presentation 1.13Q18 Corporat Presentation 1.1
3Q18 Corporat Presentation 1.1Welltower
 
2Q18 corporate presentation
2Q18 corporate presentation2Q18 corporate presentation
2Q18 corporate presentationWelltower
 
Hsah spin off merger slides final
Hsah spin off merger slides finalHsah spin off merger slides final
Hsah spin off merger slides finalVince Stanzione
 
Critical issues in hospital and health system m&a fall 2014
Critical issues in hospital and health system m&a   fall 2014Critical issues in hospital and health system m&a   fall 2014
Critical issues in hospital and health system m&a fall 2014Rex James Burgdorfer
 
Final jgw q4_fy 2015 earnings presentation
Final jgw q4_fy 2015 earnings presentationFinal jgw q4_fy 2015 earnings presentation
Final jgw q4_fy 2015 earnings presentationinvestorjgwpt
 
The Outlook for Investment in Health Care Properties: Medical Office Building...
The Outlook for Investment in Health Care Properties: Medical Office Building...The Outlook for Investment in Health Care Properties: Medical Office Building...
The Outlook for Investment in Health Care Properties: Medical Office Building...Virtual ULI
 
OM Acquisition Update 11-12-19
OM Acquisition Update 11-12-19OM Acquisition Update 11-12-19
OM Acquisition Update 11-12-19Welltower
 
TCF Investor Presentation - November 2019
TCF Investor Presentation - November 2019TCF Investor Presentation - November 2019
TCF Investor Presentation - November 2019JustinHorstman1
 
Hosp Phy Economic Relationships
Hosp Phy Economic RelationshipsHosp Phy Economic Relationships
Hosp Phy Economic Relationshipsjlloyd01
 
Q1 2015 earnings slides monday final review
Q1 2015 earnings slides monday final reviewQ1 2015 earnings slides monday final review
Q1 2015 earnings slides monday final reviewinvestorjgwpt
 
Exact Sciences Q4 2015 and Full Year Earnings Call
Exact Sciences Q4 2015 and Full Year Earnings CallExact Sciences Q4 2015 and Full Year Earnings Call
Exact Sciences Q4 2015 and Full Year Earnings CallExact Sciences
 
Centric Health Corporation - Investor Presentation - May 2020
Centric Health Corporation - Investor Presentation - May 2020Centric Health Corporation - Investor Presentation - May 2020
Centric Health Corporation - Investor Presentation - May 2020SharePitch
 
Neo stem RedChip's Global Online CEO Conference
Neo stem RedChip's Global Online CEO ConferenceNeo stem RedChip's Global Online CEO Conference
Neo stem RedChip's Global Online CEO ConferenceRedChip Companies, Inc.
 
Anumara capital (eng) 18.05
Anumara capital (eng) 18.05Anumara capital (eng) 18.05
Anumara capital (eng) 18.05André Iaconelli
 
2Q18 Fixed Income Presentation
2Q18 Fixed Income Presentation2Q18 Fixed Income Presentation
2Q18 Fixed Income PresentationWelltower
 
Diplomat ir deck jpm 1.7.17
Diplomat ir deck   jpm 1.7.17Diplomat ir deck   jpm 1.7.17
Diplomat ir deck jpm 1.7.17DiplomatIR
 
Key Trends in ASC Valuations: Benchmark and use common valuation methodologies
Key Trends in ASC Valuations: Benchmark and use common valuation methodologiesKey Trends in ASC Valuations: Benchmark and use common valuation methodologies
Key Trends in ASC Valuations: Benchmark and use common valuation methodologiesCBIZ, Inc.
 

Similaire à OM Acquisition Update (20)

3Q18 Fixed Income Final
3Q18 Fixed Income Final3Q18 Fixed Income Final
3Q18 Fixed Income Final
 
3Q18 Corporat Presentation 1.1
3Q18 Corporat Presentation 1.13Q18 Corporat Presentation 1.1
3Q18 Corporat Presentation 1.1
 
2Q18 corporate presentation
2Q18 corporate presentation2Q18 corporate presentation
2Q18 corporate presentation
 
Hsah spin off merger slides final
Hsah spin off merger slides finalHsah spin off merger slides final
Hsah spin off merger slides final
 
Critical issues in hospital and health system m&a fall 2014
Critical issues in hospital and health system m&a   fall 2014Critical issues in hospital and health system m&a   fall 2014
Critical issues in hospital and health system m&a fall 2014
 
Final jgw q4_fy 2015 earnings presentation
Final jgw q4_fy 2015 earnings presentationFinal jgw q4_fy 2015 earnings presentation
Final jgw q4_fy 2015 earnings presentation
 
The Outlook for Investment in Health Care Properties: Medical Office Building...
The Outlook for Investment in Health Care Properties: Medical Office Building...The Outlook for Investment in Health Care Properties: Medical Office Building...
The Outlook for Investment in Health Care Properties: Medical Office Building...
 
OM Acquisition Update 11-12-19
OM Acquisition Update 11-12-19OM Acquisition Update 11-12-19
OM Acquisition Update 11-12-19
 
TCF Investor Presentation - November 2019
TCF Investor Presentation - November 2019TCF Investor Presentation - November 2019
TCF Investor Presentation - November 2019
 
Hosp Phy Economic Relationships
Hosp Phy Economic RelationshipsHosp Phy Economic Relationships
Hosp Phy Economic Relationships
 
Q1 2015 earnings slides monday final review
Q1 2015 earnings slides monday final reviewQ1 2015 earnings slides monday final review
Q1 2015 earnings slides monday final review
 
Exact Sciences Q4 2015 and Full Year Earnings Call
Exact Sciences Q4 2015 and Full Year Earnings CallExact Sciences Q4 2015 and Full Year Earnings Call
Exact Sciences Q4 2015 and Full Year Earnings Call
 
Centric Health Corporation - Investor Presentation - May 2020
Centric Health Corporation - Investor Presentation - May 2020Centric Health Corporation - Investor Presentation - May 2020
Centric Health Corporation - Investor Presentation - May 2020
 
Neo stem RedChip's Global Online CEO Conference
Neo stem RedChip's Global Online CEO ConferenceNeo stem RedChip's Global Online CEO Conference
Neo stem RedChip's Global Online CEO Conference
 
Anumara capital (eng) 18.05
Anumara capital (eng) 18.05Anumara capital (eng) 18.05
Anumara capital (eng) 18.05
 
Orion IR Slides Final
Orion IR Slides FinalOrion IR Slides Final
Orion IR Slides Final
 
ZOM Investor Presentations Oct 2023
ZOM Investor Presentations Oct 2023ZOM Investor Presentations Oct 2023
ZOM Investor Presentations Oct 2023
 
2Q18 Fixed Income Presentation
2Q18 Fixed Income Presentation2Q18 Fixed Income Presentation
2Q18 Fixed Income Presentation
 
Diplomat ir deck jpm 1.7.17
Diplomat ir deck   jpm 1.7.17Diplomat ir deck   jpm 1.7.17
Diplomat ir deck jpm 1.7.17
 
Key Trends in ASC Valuations: Benchmark and use common valuation methodologies
Key Trends in ASC Valuations: Benchmark and use common valuation methodologiesKey Trends in ASC Valuations: Benchmark and use common valuation methodologies
Key Trends in ASC Valuations: Benchmark and use common valuation methodologies
 

Plus de Welltower

3Q23 Fixed Income Presentation_VF.pdf
3Q23 Fixed Income Presentation_VF.pdf3Q23 Fixed Income Presentation_VF.pdf
3Q23 Fixed Income Presentation_VF.pdfWelltower
 
4Q22 Fixed Income Presentation_March2023.pdf
4Q22 Fixed Income Presentation_March2023.pdf4Q22 Fixed Income Presentation_March2023.pdf
4Q22 Fixed Income Presentation_March2023.pdfWelltower
 
1Q22 Fixed Income Presentation.vf.pdf
1Q22 Fixed Income Presentation.vf.pdf1Q22 Fixed Income Presentation.vf.pdf
1Q22 Fixed Income Presentation.vf.pdfWelltower
 
Welltower 3Q20 Fixed Income
Welltower 3Q20 Fixed IncomeWelltower 3Q20 Fixed Income
Welltower 3Q20 Fixed IncomeWelltower
 
Welltower 3Q20 Fixed Income
Welltower 3Q20 Fixed IncomeWelltower 3Q20 Fixed Income
Welltower 3Q20 Fixed IncomeWelltower
 
Fixed income Update
Fixed income UpdateFixed income Update
Fixed income UpdateWelltower
 
4Q19 Fixed Income Presentation
4Q19 Fixed Income Presentation4Q19 Fixed Income Presentation
4Q19 Fixed Income PresentationWelltower
 
4Q19 Corporate Presentation
4Q19 Corporate Presentation4Q19 Corporate Presentation
4Q19 Corporate PresentationWelltower
 
3Q19 Fixed Income Update 112619
3Q19 Fixed Income Update 1126193Q19 Fixed Income Update 112619
3Q19 Fixed Income Update 112619Welltower
 
Aging in cities_survey_draft
Aging in cities_survey_draftAging in cities_survey_draft
Aging in cities_survey_draftWelltower
 

Plus de Welltower (10)

3Q23 Fixed Income Presentation_VF.pdf
3Q23 Fixed Income Presentation_VF.pdf3Q23 Fixed Income Presentation_VF.pdf
3Q23 Fixed Income Presentation_VF.pdf
 
4Q22 Fixed Income Presentation_March2023.pdf
4Q22 Fixed Income Presentation_March2023.pdf4Q22 Fixed Income Presentation_March2023.pdf
4Q22 Fixed Income Presentation_March2023.pdf
 
1Q22 Fixed Income Presentation.vf.pdf
1Q22 Fixed Income Presentation.vf.pdf1Q22 Fixed Income Presentation.vf.pdf
1Q22 Fixed Income Presentation.vf.pdf
 
Welltower 3Q20 Fixed Income
Welltower 3Q20 Fixed IncomeWelltower 3Q20 Fixed Income
Welltower 3Q20 Fixed Income
 
Welltower 3Q20 Fixed Income
Welltower 3Q20 Fixed IncomeWelltower 3Q20 Fixed Income
Welltower 3Q20 Fixed Income
 
Fixed income Update
Fixed income UpdateFixed income Update
Fixed income Update
 
4Q19 Fixed Income Presentation
4Q19 Fixed Income Presentation4Q19 Fixed Income Presentation
4Q19 Fixed Income Presentation
 
4Q19 Corporate Presentation
4Q19 Corporate Presentation4Q19 Corporate Presentation
4Q19 Corporate Presentation
 
3Q19 Fixed Income Update 112619
3Q19 Fixed Income Update 1126193Q19 Fixed Income Update 112619
3Q19 Fixed Income Update 112619
 
Aging in cities_survey_draft
Aging in cities_survey_draftAging in cities_survey_draft
Aging in cities_survey_draft
 

Dernier

Kalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable Price
Kalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable PriceKalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable Price
Kalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable Priceaidasheikh47
 
Common House Flipping Mistakes and How to Avoid Them
Common House Flipping Mistakes and How to Avoid ThemCommon House Flipping Mistakes and How to Avoid Them
Common House Flipping Mistakes and How to Avoid ThemHampton Luzak
 
2 BHK Flats In Zirakpur For Sale - AJ Estates
2 BHK Flats In Zirakpur For Sale - AJ Estates2 BHK Flats In Zirakpur For Sale - AJ Estates
2 BHK Flats In Zirakpur For Sale - AJ EstatesAJ Estates
 
4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...
4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...
4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...RE/MAX Realty Solutions
 
Shapoorji Pallonji Codename Evolve Pine Bangalore.pdf
Shapoorji Pallonji Codename Evolve Pine Bangalore.pdfShapoorji Pallonji Codename Evolve Pine Bangalore.pdf
Shapoorji Pallonji Codename Evolve Pine Bangalore.pdfashiyadav24
 
Signature Global Sector 84 In Gurugram | Easy Living
Signature Global Sector 84 In Gurugram | Easy LivingSignature Global Sector 84 In Gurugram | Easy Living
Signature Global Sector 84 In Gurugram | Easy Livingbhattrishabh270
 
Acqua Eden Bhutani Goa Brochure Download
Acqua Eden Bhutani Goa Brochure DownloadAcqua Eden Bhutani Goa Brochure Download
Acqua Eden Bhutani Goa Brochure DownloadMKBInfotech
 
K Raheja Amaltis Sion Mumbai | A Return To Better Living
K Raheja Amaltis Sion Mumbai | A Return To Better LivingK Raheja Amaltis Sion Mumbai | A Return To Better Living
K Raheja Amaltis Sion Mumbai | A Return To Better Livingaidasheikh47
 
Kohinoor Uptown Avenue at Punawale Pune - Brochure.pdf
Kohinoor Uptown Avenue at Punawale Pune - Brochure.pdfKohinoor Uptown Avenue at Punawale Pune - Brochure.pdf
Kohinoor Uptown Avenue at Punawale Pune - Brochure.pdfmonikasharma630
 
Provident Manchester IVC Road Bangalore.pdf
Provident Manchester IVC Road Bangalore.pdfProvident Manchester IVC Road Bangalore.pdf
Provident Manchester IVC Road Bangalore.pdfashiyadav24
 
LCAR Unit 14 - Real Estate Brokerage - 14th Edition Revised
LCAR Unit 14 - Real Estate Brokerage - 14th Edition RevisedLCAR Unit 14 - Real Estate Brokerage - 14th Edition Revised
LCAR Unit 14 - Real Estate Brokerage - 14th Edition RevisedTom Blefko
 
2023 NAR Technology Survey - LCAR RE Practice
2023 NAR Technology Survey - LCAR RE Practice2023 NAR Technology Survey - LCAR RE Practice
2023 NAR Technology Survey - LCAR RE PracticeTom Blefko
 
LCAR Unit 15 - Agency in Real Estate - 14th Edition Revised
LCAR Unit 15 - Agency in Real Estate - 14th Edition RevisedLCAR Unit 15 - Agency in Real Estate - 14th Edition Revised
LCAR Unit 15 - Agency in Real Estate - 14th Edition RevisedTom Blefko
 
LCAR Unit 13 - The Real Estate Business - 14th Edition Revised
LCAR Unit 13 - The Real Estate Business - 14th Edition RevisedLCAR Unit 13 - The Real Estate Business - 14th Edition Revised
LCAR Unit 13 - The Real Estate Business - 14th Edition RevisedTom Blefko
 
Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...
Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...
Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...GMRAerocityHyderabad
 
Mahindra Lifespaces Kandivali East | Expansive spaces for your family
Mahindra Lifespaces Kandivali East | Expansive spaces for your familyMahindra Lifespaces Kandivali East | Expansive spaces for your family
Mahindra Lifespaces Kandivali East | Expansive spaces for your familyaidasheikh47
 
AIPL Joy District Sector 88, In Gurgaon.pdf
AIPL Joy District  Sector 88,  In Gurgaon.pdfAIPL Joy District  Sector 88,  In Gurgaon.pdf
AIPL Joy District Sector 88, In Gurgaon.pdfbhattrishabh270
 
2023 NAR Profile of Home Buyers and Sellers
2023 NAR Profile of Home Buyers and Sellers2023 NAR Profile of Home Buyers and Sellers
2023 NAR Profile of Home Buyers and SellersTom Blefko
 
Anshul Kanvas Wagholi Pune Apartments Brochure.pdf
Anshul Kanvas Wagholi Pune Apartments Brochure.pdfAnshul Kanvas Wagholi Pune Apartments Brochure.pdf
Anshul Kanvas Wagholi Pune Apartments Brochure.pdfsabhyara24
 

Dernier (20)

Kalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable Price
Kalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable PriceKalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable Price
Kalpataru Jade Skyline Baner Pune | A New Way Of Living At An Affordable Price
 
Common House Flipping Mistakes and How to Avoid Them
Common House Flipping Mistakes and How to Avoid ThemCommon House Flipping Mistakes and How to Avoid Them
Common House Flipping Mistakes and How to Avoid Them
 
2 BHK Flats In Zirakpur For Sale - AJ Estates
2 BHK Flats In Zirakpur For Sale - AJ Estates2 BHK Flats In Zirakpur For Sale - AJ Estates
2 BHK Flats In Zirakpur For Sale - AJ Estates
 
4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...
4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...
4 & 5 BHK Spacious Apartments for sale in Anamika High Point, Off SG Highway ...
 
Shapoorji Pallonji Codename Evolve Pine Bangalore.pdf
Shapoorji Pallonji Codename Evolve Pine Bangalore.pdfShapoorji Pallonji Codename Evolve Pine Bangalore.pdf
Shapoorji Pallonji Codename Evolve Pine Bangalore.pdf
 
Signature Global Sector 84 In Gurugram | Easy Living
Signature Global Sector 84 In Gurugram | Easy LivingSignature Global Sector 84 In Gurugram | Easy Living
Signature Global Sector 84 In Gurugram | Easy Living
 
Acqua Eden Bhutani Goa Brochure Download
Acqua Eden Bhutani Goa Brochure DownloadAcqua Eden Bhutani Goa Brochure Download
Acqua Eden Bhutani Goa Brochure Download
 
K Raheja Amaltis Sion Mumbai | A Return To Better Living
K Raheja Amaltis Sion Mumbai | A Return To Better LivingK Raheja Amaltis Sion Mumbai | A Return To Better Living
K Raheja Amaltis Sion Mumbai | A Return To Better Living
 
Kohinoor Uptown Avenue at Punawale Pune - Brochure.pdf
Kohinoor Uptown Avenue at Punawale Pune - Brochure.pdfKohinoor Uptown Avenue at Punawale Pune - Brochure.pdf
Kohinoor Uptown Avenue at Punawale Pune - Brochure.pdf
 
Provident Manchester IVC Road Bangalore.pdf
Provident Manchester IVC Road Bangalore.pdfProvident Manchester IVC Road Bangalore.pdf
Provident Manchester IVC Road Bangalore.pdf
 
LCAR Unit 14 - Real Estate Brokerage - 14th Edition Revised
LCAR Unit 14 - Real Estate Brokerage - 14th Edition RevisedLCAR Unit 14 - Real Estate Brokerage - 14th Edition Revised
LCAR Unit 14 - Real Estate Brokerage - 14th Edition Revised
 
2023 NAR Technology Survey - LCAR RE Practice
2023 NAR Technology Survey - LCAR RE Practice2023 NAR Technology Survey - LCAR RE Practice
2023 NAR Technology Survey - LCAR RE Practice
 
LCAR Unit 15 - Agency in Real Estate - 14th Edition Revised
LCAR Unit 15 - Agency in Real Estate - 14th Edition RevisedLCAR Unit 15 - Agency in Real Estate - 14th Edition Revised
LCAR Unit 15 - Agency in Real Estate - 14th Edition Revised
 
Things to keep in mind while buying property.
Things to keep in mind while buying property.Things to keep in mind while buying property.
Things to keep in mind while buying property.
 
LCAR Unit 13 - The Real Estate Business - 14th Edition Revised
LCAR Unit 13 - The Real Estate Business - 14th Edition RevisedLCAR Unit 13 - The Real Estate Business - 14th Edition Revised
LCAR Unit 13 - The Real Estate Business - 14th Edition Revised
 
Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...
Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...
Evolving Work Trends Require New-age Businesses to Design Thoughtful Workspac...
 
Mahindra Lifespaces Kandivali East | Expansive spaces for your family
Mahindra Lifespaces Kandivali East | Expansive spaces for your familyMahindra Lifespaces Kandivali East | Expansive spaces for your family
Mahindra Lifespaces Kandivali East | Expansive spaces for your family
 
AIPL Joy District Sector 88, In Gurgaon.pdf
AIPL Joy District  Sector 88,  In Gurgaon.pdfAIPL Joy District  Sector 88,  In Gurgaon.pdf
AIPL Joy District Sector 88, In Gurgaon.pdf
 
2023 NAR Profile of Home Buyers and Sellers
2023 NAR Profile of Home Buyers and Sellers2023 NAR Profile of Home Buyers and Sellers
2023 NAR Profile of Home Buyers and Sellers
 
Anshul Kanvas Wagholi Pune Apartments Brochure.pdf
Anshul Kanvas Wagholi Pune Apartments Brochure.pdfAnshul Kanvas Wagholi Pune Apartments Brochure.pdf
Anshul Kanvas Wagholi Pune Apartments Brochure.pdf
 

OM Acquisition Update

  • 2. Forward Looking Statements This document contains “forward-looking” statements as that term is defined in the Private Securities Litigation Reform Act of 1995. When we use words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “pro forma,” “estimate” or similar expressions that do not relate solely to historical matters, we are making forward-looking statements. In particular, these forward-looking statements include, but are not limited to, those relating to our company’s ability to close the CNL portfolio acquisition on currently anticipated terms or within currently anticipated timeframes, and the expected performance of the acquired businesses; our company’s opportunities to acquire, develop or sell properties; our ability to close anticipated acquisitions, investments or dispositions on currently anticipated terms, or within currently anticipated timeframes; the expected performance of our operators/tenants and properties; our expected occupancy rates; our ability to declare and to make distributions to stockholders; our investment and financing opportunities and plans; our continued qualification as a real estate investment trust (“REIT”); our ability to access capital markets or other sources of funds; and our ability to meet our earnings guidance. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause our actual results to differ materially from our expectations discussed in the forward-looking statements. This may be a result of various factors, including, but not limited to: the satisfaction of closing conditions to the CNL portfolio acquisition, including the receipt of regulatory approvals and lender or third-party consents; the respective parties’ performance of their obligations under the CNL portfolio transaction agreements; the receipt of applicable healthcare licenses and governmental approvals; unanticipated difficulties and/or expenditures relating to the CNL portfolio acquisition; the status of the economy; the status of capital markets, including availability and cost of capital; issues facing the health care industry, including compliance with, and changes to, regulations and payment policies, responding to government investigations and punitive settlements and operators’/tenants’ difficulty in cost-effectively obtaining and maintaining adequate liability and other insurance; changes in financing terms; 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; our ability to transition or sell properties with profitable results; the failure to make new investments or acquisitions as and when anticipated; natural disasters and other acts of God affecting our properties; our ability to re-lease space at similar rates as vacancies occur; our ability to timely reinvest sale proceeds at similar rates to assets sold; operator/tenant or joint venture partner bankruptcies or insolvencies; the cooperation of joint venture partners; government regulations affecting Medicare and Medicaid reimbursement rates and operational requirements; liability or contract claims by or against operators/tenants; unanticipated difficulties and/or expenditures relating to future investments or acquisitions; environmental laws affecting our properties; changes in rules or practices governing our financial reporting; the movement of U.S. and foreign currency exchange rates; our ability to maintain our qualification as a REIT; key management personnel recruitment and retention; and other risks described in our reports filed from time to time with the Securities and Exchange Commission. Finally, we assume no obligation to update or revise 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. 2
  • 3. Capital Markets Update 3 Acquired $559M at 5.6% yield • Hammes: $391M at 5.6% Acquisitions Dispositions Disposed of $383M at 2.6% yield • Includes all remaining $239M of non-yielding QCP assets Equity Issuance $552M of gross proceeds from 8.1M shares • Average issuance price of $68.41 per share 4th Quarter Capital Markets Activity
  • 4. Strategic Capital Deployment Into OM & Health Systems(1) 41. Based on In-Place NOI. See the Supplemental Reporting Measures section of our 3Q18 Supplemental for additional information and reconciliation of In-Place NOI to GAAP net income. In addition, the 3Q17 concentration is based on In-Place NOI as disclosed and reconciled in the 3Q17 Supplemental. See the Supplemental Reporting Measures at the end of this presentation for a reconciliation of Pro Forma In-Place NOI. 2. Comprises Seniors Housing Triple-Net and Seniors Housing Operating properties. 3Q17 SENIORS HOUSING(2) 70% OUTPATIENT MEDICAL 17% LONG-TERM/ POST-ACUTE CARE 13% In-Place NOI 3Q18 Pro Forma In-Place NOI SENIORS HOUSING(2) 64% OUTPATIENT MEDICAL & HEALTH SYSTEM 26% LONG-TERM/ POST-ACUTE CARE 10% Portfolio Optimization Represents Significant Enhancement in Quality of Cash Flow
  • 6. Welltower to Acquire Class A Medical Office Portfolio 6 Portfolio Highlights • 55 medical office building portfolio diversified across 16 states • 3.3 million square feet has significant overlap and synergies with existing WELL footprint • Properties are 92% affiliated with premier health systems • 2.4% weighted average annual rent increase Transaction Details • National portfolio to be acquired for $1.25 billion • Initial cash yield is anticipated to be 5.7% • Strategic expansion of outpatient medical and health system segments supported by high quality and strong credit-backed cash flow • Development opportunity on two acquisition sites with Cleveland Clinic and Summit Medical Group Unique Perspective • Leveraged proprietary data science and analytics platform to identify opportunity overlooked by market • Portfolio affiliated with strong hospitals and health systems with zero exposure to “at risk” hospitals based on WELL risk analysis • Properties located in high-potential markets based on proprietary predicted gross rent and net need statistics UT Cancer Center Huntersville Physicians 330 Physicians MOB
  • 7. Affiliated System Rating % of RSF A1 19.8% A1 6.9% Ba3 5.9% Aa2 5.6% A3 5.3% A 4.2% Aa3 3.7% Aa2 3.3% Aa2 3.1% BBB+ 3.0% Strategically Located with Best-In-Class Health Systems 7 Significant Overlap with WELL Footprint Top Rated Health System Affiliations Other Key Health System Relationships
  • 8. High Quality Cash Flow with Investment Grade Credit Support 8 16% 26% 50% 8% Adj. to Campus Off-Campus Aff. On-Campus Off-Campus Non-Aff On Campus & Affiliated 28% 42% 13% 17% Top 10 Top 10-50 Top 50-100 Top 100+ Top MSA Concentration 90% 10% Investment Grade Non-Investment Grade Top Rated Credit 26% 12% 10% 8% 7% 37% NC CA TX TN FL All Other Geographic Diversity 92% Affiliated 76%+ A-Rated Credit 70%+ in Top 50 MSAsSpread Over 16 States Calvert Medical Arts ꟾ Washington-Alexandria MSA Red Bank Professional MOB ꟾ Cincinnati MSA All percentages based on budgeted NOI
  • 9. Portfolio Snapshot 9 Midtown Medical Plaza ꟾ Charlotte-Concord MSA Siena V and VI ꟾ Las Vegas-Henderson MSAMedHelp Medical Office Building ꟾ Birmingham-Hoover MSA
  • 10. Portfolio Snapshot II 10 Chula Vista II ꟾ San Diego-Carlsbad MSAClaremont Medical Office Building ꟾ Los Angeles-Long Beach MSA Spivey Station Physicians Center ꟾ Atlanta MSA Coral Springs MOB I and II ꟾ Miami-Ft. Lauderdale MSA
  • 11. Welltower’s Unique Perspective & Capabilities 11 Hospital Risk AssessmentMarket Potential = Opportunity Predicted Gross Rents Physician Net Need Market Potential • Risk assessment analyzes hospitals and health systems based on widely accepted parameters including financial and operating performance • Hospitals are ranked based on relative health and further categorized based on risk profile Overview • All hospitals in target medical office building trade area’s are considered financially healthy based on operating performance and capital expenditure • None of the hospitals in the target portfolio are categorized “at risk” • Lower ranked hospitals are in markets with limited acute- care beds within 10-mile radius Target Portfolio Analysis Acquisition Portfolio Relative Market Potential
  • 13. Hammes Medical Office Portfolio Acquisition 13 Portfolio Details ➢ 23 properties totaling 979,000 rentable square feet ➢ Portfolio spans 12 metro markets ➢ Average age of 10 years ➢ 96% affiliated with health systems with opportunity to drive future partnerships ➢ 94% occupied Deploying Capital in Class-A Outpatient Medical Portfolio and Driving Future Growth Opportunities Acquisition Details ➢ 150,000 sq. ft. of land for development at UNC ➢ Purchase Price of $391 million ➢ Initial yield of 5.6% ➢ Strengthens relationships with several key relationships while introducing new health systems into the portfolio Top Health System Tenants • 25k physicians • 51 hospitals • 23 hospitals • 650 outpatient facilities • 3.2k physicians • 1.4m patients • 2.6k locations • 165k associates • 400 physicians • 14 hospitals
  • 14. Hammes Portfolio Snapshot 14 Elmhurst Memorial Addison Health CenterProvidence Britton Plaza CHI St Luke’s The Vintage
  • 15. Welltower’s Expanded Outpatient Medical Portfolio 15 Hammes Portfolio
  • 17. Pro Forma Reconciliation 17 $ s in tho us ands 3Q'18 Annualized In- P lace NOI(1) % o f To tal Hammes P o rtfo lio Acquis itio n (2) CNL P o rtfo lio Acquis itio n (3) Other Inves tment Activity (4) P ro Fo rma Annualized In- P lace NOI % o f To tal Senio rs Ho us ing Operating 1,021,020$ 47.9% -$ -$ 3,686$ 1,024,706$ 45.9% 395,720 18.6% - - - 395,720 17.7% 343,504 16.1% 21,877 71,250 3,823 440,454 19.7% 143,204 6.7% - - - 143,204 6.4% 229,772 10.7% - - (1,589) 228,183 10.3% 2,133,220$ 100.0% 21,877$ 71,250$ 5,920$ 2,232,267$ 100.0% No tes : (1) (2) (3) (4) P ro Fo rma Adjus tments Senio rs Ho us ing Triple-Net Lo ng-Term/P o s t-Acute Outpatient Medical Health Sys tem See the Supplemental Repo rting Meas ures s ectio n o f o ur 3Q18 Supplemental fo r additio nal info rmatio n and reco nciliatio n o f In-P lace NOIto P ro fo rma adjus tment to reflect the $ 391millio n Hammes acquis itio n as if the trans actio n o ccurred o n J uly 1, 2018. See pages 12 to 15 o f this pres entatio n fo r further info rmatio n o n the trans actio n in additio n to o ur P res s Releas e dated December 4, 2018. P ro fo rma adjus tments are bas ed o n es timates and as s umptio ns and are preliminary in nature, and s ho uld no t be as s umed to be an indicatio n o f the res ults that wo uld have been achieved had the trans actio n been co mpleted as o f the date indicated. P ro fo rma adjus tment to reflect the $ 1.25 billio n CNL P o rtfo lio acquis itio n as if the trans actio n o ccurred o n J uly 1, 2018. See pages 5 to 11o f this pres entatio n fo r further info rmatio n o n the trans actio n in additio n to o ur P res s Releas e dated J anuary 2, 2019. P ro fo rma adjus tments are bas ed o n es timates and as s umptio ns and are preliminary in nature, and s ho uld no t be as s umed to be an indicatio n o f the res ults that wo uld have been achieved had the trans actio n been co mpleted as o f the date indicated. P ro fo rma adjus tment to reflect o ther inves tment and dis po s itio n activity actually o ccurring during the fo urth quarter o f 2018 as if s uch trans actio ns had o ccurred o n J uly 1, 2018. P ro fo rma adjus tments are bas ed o n es timates and as s umptio ns and are preliminary in nature, and s ho uld no t be as s umed to be an indicatio n o f the res ults that wo uld have been achieved had the trans actio ns been co mpleted as o f the date indicated. On J une 27, 2018, we anno unced the trans itio n o f 63 pro perties fro m Bro o kdale Senio r Living Inc. to o ther vario us o perato rs . During the fo urth quarter o f 2018, 35 o f thes e pro perties were trans itio ned. No te that the impact o f thes e co mpleted trans itio ns are no t included.