After a long time First REIT finally proposed to make an acquisition. Full details can be [found here] Purchase price: SGD $142 mil Valuation: SGD $160 mil Pretty good purchase at 10% below valuation. This will be finance by a mixture of debts and private placement. For the folks that are not sure how these placements and debt work out [check out this article]. It explains when placements are good and when is bad. This will be the one called partially funded by debts. Incidentally, Bow Spirit stated that one of their reasons of purchase is to buy two hospitals at below market valuation. Lease Term with Sponsor: 15 Years + 15 Years Bow Spirit also indicated this will increase their weighted lease expiry (WALE) Asset Size Increase: SGD $618 mil to $782mil Weighted Average Age Decrease: 13.2 years to ......