Diversified Healthcare Trust Closes $120 Million Mortgage Loan [Yahoo! Finance]
Diversified Healthcare Trust - Common Shares of Beneficial Interest (DHC)
Company Research
Source: Yahoo! Finance
secured by eight properties within DHC's Medical Office and Life Science Portfolio, located in seven states and consisting of approximately 725,000 square feet. As of March 31, 2024, the weighted average remaining lease term for these properties was 5.4 years and the occupancy rate was 93%. The non-recourse loan has an implied capitalization rate of 7.2% based on the aggregate appraised value for the collateral properties and a loan to value ratio of approximately 50%. The loan is an interest only 10-year mortgage with a 6.864% all-in fixed interest rate. DHC intends to use approximately 50% of the loan proceeds to redeem a portion of its outstanding 9.750% senior notes due 2025. DHC will use the remainder of the loan proceeds to fund capital investments and improve liquidity. Matt Brown, Chief Financial Officer and Treasurer of DHC, made the following statement. "Today's announced financing is the first step in executing on our broader financing strategy to lower financing cost
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News
- CAREIUM & CSL EXTEND THEIR PARTNERSHIP WITH THE LAUNCH OF rSIM® TECHNOLOGY [Yahoo! Finance]Yahoo! Finance
- Why Fast-paced Mover Diversified Healthcare (DHC) Is a Great Choice for Value Investors [Yahoo! Finance]Yahoo! Finance
- Diversified Healthcare Trust to Present at Nareit's REITweek 2024 Investor Conference on Tuesday, June 4th [Yahoo! Finance]Yahoo! Finance
- Diversified Healthcare Trust to Present at Nareit’s REITweek 2024 Investor Conference on Tuesday, June 4thBusiness Wire
- Diversified Healthcare Trust Closes $120 Million Mortgage LoanBusiness Wire
DHC
Earnings
- 5/6/24 - In-Line
DHC
Sec Filings
- 6/21/24 - Form DEL
- 6/20/24 - Form S-3
- 6/4/24 - Form 4
- DHC's page on the SEC website