Welltower to Buy Affinity Living Active Adult Portfolio for $969M

Welltower Inc. (NYSE: WELL) is acquiring a 25-community active adult portfolio with larger plans to create a programmatic development agreement with Affinity Living Communities. The portfolio consists of 3,900 units, mostly concentrated in the Pacific Northwest, according to a press release on the transaction. Affinity will continue to manage the portfolio when it changes hands. […]

10 Most-Read Senior Housing News Stories of 2022

While many senior living providers continued the long march towards a pandemic recovery, the industry saw operators innovate with new development, and familiar players in the space face new challenges in 2022. Tackling the “quiet quitting” labor issue and reports of a Brookdale Senior Living (NYSE: BKD) sale led to the most-read top stories on […]

NHI, Welltower Reach Agreement in Suit Over Legacy Holiday Portfolio

National Health Investors (NYSE: NHI) has reached a memorandum of understanding with  Welltower (NYSE: WELL) over litigation filed late last year. NHI in December filed a lawsuit in the Delaware Court of Chancery against Welltower and certain of its subsidiaries. The Murfreesboro, Tennessee-based company initially alleged that Toledo, Ohio-based Welltower did not honor certain legal […]

In the Pipeline: Erickson Living to Redevelop Marriott HQ Into CCRC

Erickson Living Plans Retirement Community at Marriott International HQ Erickson Living announced this week it would repurpose Marriott International’s 775,000 square-feet global headquarters in Bethesda, Maryland, into a continuing care retirement community, once the hotel conglomerate relocates to its new headquarters in downtown Bethesda, in 2022. Marriott broke ground on the 1 million square-foot project […]

Welltower Scales Back on Brookdale Portfolio, Forms JV With New Operator Pegasus

Brookdale Senior Living (NYSE: BKD) and Welltower Inc. (NYSE: WELL) have agreed to an early termination for Brookdale’s triple-net lease obligations on 37 senior living communities, in a “mutually beneficial” move that reduces Welltower’s participation with Brookdale and allows more flexibility for the largest senior housing operator in the nation. At the same time, Welltower has formed […]

Welltower Takes Occupancy Hit in Challenging Senior Housing Environment

Welltower Inc.’s (NYSE: WELL) senior housing occupancy declined as expected in the first quarter of 2018, according to an earnings report published late on Wednesday. The Toledo, Ohio-based health care real estate investment trust (REIT) also announced it has reached an agreement to acquire Quality Care Properties (NYSE: QCP) in a $1.95 billion, all-cash transaction.  In […]

Welltower, ProMedica Reportedly Pursuing $2 Billion QCP Acquisition

Welltower (NYSE: WELL), one of the “Big 3” senior housing real estate investment trusts (REITs), is rumored to be in talks to purchase Quality Care Properties Inc. (NYSE: QCP).  Welltower and ProMedica, a nonprofit hospital network operator, reportedly made a $2 billion offer to acquire skilled nursing-focused QCP, Reuters reported Wednesday, citing people familiar with the situation.  This […]