6-14-19

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UNT VALLEY, MD & NASHVILLE, TN — Omega Health- H Transaction represents an enterprise value of $600 million Omega Healthcare Investors acquiresMedEquitiesRealtyTrust

ISSUE HIGHLIGHTS Volume 31, Issue 11 June 14 - 27, 2019

of $0.21 per share payable to the holders of record of Med- Equities common stock as of the closing of the transaction, which will be paid together with the cash consideration from the transaction. Taylor Pickett , Omega’s Chief Executive Officer stated, “We are even more excited by this transaction today than when we announced it a few months ago. We’ve had an opportunity to speak with each of the operators and we look forward to working with them and potentially expand- ing our relationships.” Pickett continued, “We are grateful to John, Bill, Jeff and the entire MedEquities team for their diligence, transparency and professionalism throughout this process, which has en- abled a seamless transition.”  see little if any new product delivered to market for the foreseeable future.” Located at 43 Gales Dr., this well-maintained, classic garden-style community fea- tures 232 apartment homes, of which 164 are one-bedroom and 68 are two-bedroom layouts. Centrally situated within one of the state’s most-sought-after locales, New Providence Gar- dens is in close proximity to award-winning schools, iconic shopping districts, premier cultural centers and recreation venues and convenient mass transit services. New Providence Gardens’ historic Borough Center neigh- borhood ranks among the top 15% highest-income neighbor- hoods in the nation. The bor- ough is in the heart of the Short Hills Region, which features some of the finest amenities small, affluent municipalities can offer. Financing for the project was provided by IPA , a division of Marcus &Millichap . The lead brokers were Anita Paryani, Rick Lechtman and Daniel Lisser. 

SPOTLIGHTS

care Inves- tor s , Inc . ( O m e g a ) and MedE- quities Re- alty Trust, Inc. (Med- Equ i t i e s ) announc ed the comple-

11-19A HIGH REAL ESTATE GROUP SELLS 240- UNIT APARTMENT COMMUNITY CREATIVE FINANCING

Taylor Pickett

Baylor Scott And White Medical Center

tion of Omega’s acquisition of all of the outstanding shares of MedEquities. The transaction represents an enterprise value of approximately $600 million for MedEquities and further diversifies Omega’s assets and operators. Following the acqui- sition, Omega will continue to be the premier publicly traded real estate investment trust (REIT) focused principally NEW PROVIDENCE, NJ — New Providence Gardens, a 232-unit garden-apartment community located within one of the most affluent corners of New Jersey, has been sold for $58.5 million in a trade arranged by Gebroe-Hammer Associates of Livingston. Executive vice president Niko Nicolaou rep- resented the seller, a private investment group, and the un- named out-of-state institutional buyer, in the transaction.

on skilled nursing facilities (SNFs), by adding a diversi- fied portfolio of investments including 34 properties located in seven states and operated by 11 different operators. Under the terms of the merger agreement, each out- standing share of MedEquities common stock automatically was converted into the right

to receive 0.235 of a share of Omega common stock plus $2.00 in cash, which repre- sents a value of $10.85 per MedEquities share based on the $37.67 closing price for Omega common stock on May 16, 2019. Separately, pursu- ant to the terms of the merger agreement, MedEquities de- clared a special cash dividend

11A

UPCOMING CONFERENCES July 11, 2019 5th Annual NJ Office Development Conference July 25, 2019 3rd Annual Philadelphia Capital Markets Conference For speaking and sponsorship information, please contact: Lea at 781-740-2900 or lea@marejournal.com

New Providence Gardens sells for $58.5 million in transaction arranged by Gebroe-Hammer Associates

Directory Creative Financing..........................................11-19A DelMarVa.........................................................5-10A Business Card Directory. .....................................21A Billboard Directory..............................................23A Organization Events. ...........................................24A New Jersey................................................. Section B Northern New Jersey. ......................................7-13B Pennsylvania.............................................. Section C Northern PA.......................................................5-7C

New Providence Gardens

Built in 1951, the apartment- home community is nestled within the historic and pic- turesque municipality of New Providence on the northwest- ern edge of Union County. Set within a high-appreciating tree- lined residential neighborhood, the property is near New Provi- dence Train Station as well as major highways that facilitate movement of the area’s highly concentrated out-commuter residential base. “New Providence Gardens

is well-poised for consider- able value-add repositioning associated with in-demand market-unique layouts, conve- nient proximity to mass transit links and high-end lifestyle services,” said Nicolaou. “This is a transit-rich region where an established Millennial and executive-level out-commuter residential base fill the bor- ough’s population-growth pipe- line. The apartment-rental market is extremely supply constricted and is expected to

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