TOLEDO-Healthcare REIT Inc.'s (HCN) Q3 earningscall focused a great deal on the close to $2 billion acquisition ofSunrise Senior Living, which was announced inAugust. Along with the positives of that acquisition, scheduled toclose in 2013, came information about dispositions of which therehas been $250 million so far in 2012, and same-store NOI, whichincreased by 3.6%, partly due to a 7% increase in the REIT's seniorhousing operating portfolio.

According to HCN's chairman, CEO and president George L.Chapman, when the Sunrise Senior transaction closes inearly 2013, "investments during the last year will totalapproximately $12 billion." Chapman added that HCN has acceleratedjoint venture buyouts from the Sunrise portfolio. As a result, "bythe middle of 2013, we expect to own 100% interest in 115 Sunrisecommunities, and a minority interest in 10 communities for a totalinvestment of $4.3 billion," he says.

Scott Brinker, executive vice president ofinvestments, added that HCN signed an agreement to sell SunriseSenior Living's management company to a partnership ofKKR and Beecken Petty for $130million, with HCN retaining a 20% ownership interest. Furthermore, "We believe we're in a great position entering2013, having prefunded our Sunrise transaction," Brinker says,referring to the $1.7 billion stock offering that helped with thetakeover. "We're also accelerating our disposition efforts, and cansay that we're all very excited about our platform, portfolio andgrowth prospects heading into next year."