Welltower Reportedly Sells Merrill Gardens Portfolio for About $700 Million

Recent local news reports suggest that Toledo, Ohio-based real estate investment trust Welltower (NYSE: WELL) has sold its stake in all 10 communities in its senior housing operating portfolio operated by Seattle-based Merrill Gardens. Public records in Santa Clara County, California, show that Welltower recently sold a Merrill Gardens community located in San Jose and […]

REIT Leaders Say Senior Living Must Start To Evolve Faster

The details of what a post-coronavirus senior living landscape resembles remain cloudy, but the pandemic laid bare the need for the space to evolve faster than it has been. This is according to executives from real estate investment trusts National Health Investors (NYSE: NHI), Ventas (NYSE: VTR), and ReNew REIT, who shared their industry prognoses […]

ReNew REIT Named as Buyer of $385M New Senior Portfolio

The buyer of New Senior Investment Group’s (NYSE: SNR) portfolio of assisted living and memory care communities has been revealed. ReNew REIT, the health care real estate investment trust recently founded by former Health Care REIT CEO George Chapman, was listed as the buyer in a 10Q form New Senior filed on Tuesday with the […]

Former HCN Chief Executive Chapman Launches ReNew REIT

George Chapman, the former CEO of real estate investment trust Health Care REIT—now called Welltower (NYSE: HCN)—is back in the senior housing game. Chapman has teamed up with some of his former HCN colleagues to launch ReNew REIT. The privately held company is based in Toledo, Ohio, and is focused on investing in private-pay independent […]