Welltower to acquire 3 US senior living portfolios in $548M deal | HCN Message Board Posts


Welltower Inc.

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Msg  154 of 159  at  3/10/2022 11:49:50 AM  by

jerrykrause


Welltower to acquire 3 US senior living portfolios in $548M deal

 from SNL Real Estate Daily
 
 

Welltower to acquire 3 US senior living portfolios in $548M deal

 
 
Byline: Maera Tezuka
 
 

Welltower Inc. will buy three senior living portfolios across 33 communities throughout Michigan, Ohio and Tennessee from an undisclosed seller for about $548 million.

StoryPoint Senior Living will be the operating partner for the portfolios consisting of 2,787 units, of which approximately three-quarters are assisted living and memory care and the remainder accounts for independent living.

Welltower is expected to finance the transaction through the issuance of operating partnership units, assumed debt and cash on hand. The deal is subject to customary closing conditions.

 


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