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Welltower Inc Acquires 2,590-Unit Senior Housing Portfolio for $1.15 Bil

10/12/16

Welltower Inc has purchased a 19-property senior housing portfolio for $1.15 bil, or approximately $445k/unit. The 2,590-unit portfolio includes a combination of assisted living, independent living and memory care units. Eighteen of the communities are located in California and one community is located in Tacoma, WA.

CBREs Matthew Whitlock, Lisa Widmier and Aron Will represented the sellers, affiliates of Vintage Senior Living and their private investor partners. According to Whitlock, the properties are on the West Coast, providing the buyer with a strong presence in the Greater Los Angeles and San Francisco Bay areas.

The portfolio will be operated by existing operating partners of Welltower Inc. Senior Resource Group will operate 11 of the communities, Sunrise Senior Living will operate seven of the communities, and Silverado will operate one community.





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