Transactions and Financings: Welltower Acquires Two Communities for $42.7M; MonticelloAM Closes on $18M Loan

Senior Housing News December 4, 2024
Andrew Christman

Transactions

Welltower acquires two communities for $42.7M

Welltower announced it has acquired Heartis Bucks County in Warminster and Heartis Yardley, both in Philadelphia, for a combined $42.7 million.

According to reporting from the Philadelphia Business Journal, both communities have been leased to Legend Senior Living.

Legend now operates 62 communities.

ESI arranges sale of South Dakota community

Evans Senior Investments announced it brokered a deal on a 33-unit assisted living community in South Dakota.

According to a press release, the total cost of the transaction was $4.3 million, or $130,303 per unit.

The community was sold by an institutional owner and operator, and it was purchased by an operator with experience in similar markets. It is the buyer’s first community...

Today's Sponsors

Today's Sponsor