Welltower Inc. HCN has expanded its existing $3.2 billion credit facility with a new unsecured facility of $3.7 billion. The new facility includes revolving line of credit to the tune of $3 billion, a term loan worth $500 million and another term loan of CAD 250 million (equivalent to $193.5 million as of May 13, 2016). This expanded facility adds to the financial flexibility of the Toledo, OH-based healthcare real estate investment trust (“REIT”) reflecting a robust balance sheet position of the company and its ability to raise capital.Slated to mature on May 13, 2020, the revolving facility can be extended for two consecutive terms of six months each at the discretion of the company. On the basis of the existing credit rating of the company, the rate of interest on the revolving line of credit has been set at London Interbank Offered Rate (“Libor”) plus 90 basis points (“bps”). Both the term loans are slated to mature on May 13, 2021. The first one bears a rate of interest Libor plus 95 bps whereas the second one bears an interest at Canadian Dollar Offered Rate plus 95 bps. Further, the revolving credit facility along with the USD loan can be expanded by $1 billion in total whereas the CAD loan can be expanded by CAD 250 million. This raises the total facility to $5 billion. Welltower, formerly known as Health Care REIT Inc. is engaged in investments of seniors housing and health care real estate. This latest arrangement demonstrates robust liquidity position of the company and also indicates the support from the capital partners.Currently, Welltower has a Zacks Rank #3 (Hold).Better-ranked stocks in the REIT space include Brookfield Canada Office Properties BOXC, Whitestone REIT WSR and Gaming and Leisure Properties, Inc GLPI. While Brookfield Canada Office Properties sports a Zacks Rank #1 (Strong Buy), both Whitestone REIT and Gaming and Leisure Properties carry a Zacks Rank #2 (Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BROOKFLD CDA OP (BOXC): Free Stock Analysis Report WELLTOWER INC (HCN): Free Stock Analysis Report WHITESTONE REIT (WSR): Free Stock Analysis Report GAMING AND LEIS (GLPI): Free Stock Analysis Report To read this article on Zacks.com click here.