company is well-positioned to capitalize on the demographic tidal wave
aiding the senior care industry.
- Seniors are the fastest growing population
in the world.
- Affordable Care Act introducing seniors into
the market who are better able to afford care.
into favorable lease structures with proven, capable operators.
net leases; lessee is typically obligated for all the expenses of the
property including insurance, taxes and facility maintenance.
Annual rent escalators between 2 and 3%.
Unitary leases with multiple facility operators to protect potential
combination of short- and long-term lease.
leases provide the opportunity to increase rent as the tenant-operator
improves facility performance.
more stable situations, longer term leases reduce risk and provide more
predicable cash flow.
several acquisitions per year.
Global's size, a few accretive acquisitions will meaningful impact the
company's overall cash flow profile.
Creative financing opportunities
- Given the company overall modest leverage,
additional property level debt is possible.
- Equity-linked securities.
- No cross collateral and limited corporate
level debt exists given fragmented financing strategy.
Measurable Dividend Increases
- Given the company's fixed, low corporate
overhead, any acquisitions or rent increases will boost the company's
cash flow and dividend capacity.
- The company is committed to growing
its dividend in concert with growth in its property portfolio and cash
flow available for distribution.