Welltower Inc. (NYSE: WELL) (“Welltower” or the “Company”) announces that it is under contract to acquire a portfolio of 38 ultra-luxury seniors housing communities and nine entitled development parcels, including a 31-property in-place portfolio valued at C$3.2 billion, from Ontario Teachers’ Pension Plan for aggregate consideration of C$4.6 billion. The Amica communities provide a continuum of care including independent living, assisted living, and memory care, allowing residents to age in place and helping to drive an average resident length of stay of 3-4 years. As part of the transaction, Welltower will acquire a minority interest in Amica’s highly regarded management company.
Read the full article: Welltower Announces Acquisition of Ultra-Luxury Amica Senior Lifestyles Portfolio for C$4.6B and Formation of Long-Term Growth Partnership //
Source: https://www.prnewswire.com/news-releases/welltower-announces-acquisition-of-ultra-luxury-amica-senior-lifestyles-portfolio-for-c4-6-billion-and-formation-of-long-term-growth-partnership-302389458.html