The triple-net REITs own properties leased primarily to single tenants in separate buildings who pay for all maintenance expenses, property taxes and insurance.
The second is that merely adding a website on to an existing business is not enough: the whole business needs to be redesigned around the cost-saving, communication-easing properties of the net.
Mr. Hegarty said the company is considering selling its 48 stand-alone nursing-home properties, which account for 4% of its net operating income and about 12% of the total number of properties Senior Housing owns.