Senior Housing News July 8, 2024
Welltower (NYSE: WELL) is seeking additional capital with which to pay down loans and invest in new senior housing assets.
The Toledo, Ohio-based real estate investment trust (REIT) on Monday announced that its operating company, known as “Welltower OP,” has launched a new $750 million private placement offering. The initial purchasers also have an option to purchase notes worth up to an additional $112.5 million in aggregate.
Welltower plans to use the capital for “general corporate purposes,” including repaying debt and investing in health care, wellness and senior living properties, the company noted in a press release.
The company did not elaborate on the new private placement offering or its plans when reached by Senior Housing News Monday.
Welltower’s stock...
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