Senior Housing News January 30, 2025
A new private funds management business* launched by Welltower (NYSE: WELL) is acquiring NorthStar Healthcare Income in a $900 million transaction, the company announced Wednesday.
The acquisition covers NorthStar and its 40 senior housing communities. The purchase price totals about $3.03 per share and Welltower expects it will close in the first half of 2025, subject to closing conditions.
Welltower’s newly launched private funds management business will manage third-party capital and focus “on properties that are either stable or have a near-term path to stabilization with an ability to enhance the cash flow profile through Welltower’s operating platform and the secular tailwinds of the industry.”
Already, the business has made investments such as a portfolio of six senior housing communities...
Today's Sponsors
Today's Sponsor