Senior Housing News July 30, 2024
Welltower (NYSE: WELL) in the second quarter of the year continued to add more fuel to its investment engine while also rethinking the kinds of senior living units it targets.
The Toledo, Ohio-based real estate investment trust (REIT) this week announced an additional $1.1 billion in investments, bringing its total acquisition activity to almost $5 billion in 2024, according to CEO Shankh Mitra.
“Virtually all” of Welltower’s recent transactions domestically and in the United Kingdom were senior housing assets. The company has been aggressive in acquiring new properties due in large part to the “broken capital structure” of today’s current senior living capital environment, Mitra told investors and analysts during Tuesday’s second-quarter earnings call.
Thanks to those conditions, Welltower is...
Today's Sponsors
Today's Sponsor