Senior Housing News March 2, 2025
Welltower (NYSE: WELL) is acquiring a 38-community senior living portfolio managed by Amica Senior Lifestyles in Canada in a deal valued at $4.6 billion CAD.
The Toledo, Ohio-based real estate investment trust (REIT) noted in an announcement Sunday it is buying the 38-community “ultra-luxury” portfolio along with nine entitled development parcels from the Ontario Teachers’ Pension Plan for an equivalent of about $3.18 billion USD at today’s exchange rate.
The portfolio includes communities in “highly affluent neighborhoods” in Toronto, Vancouver and Victoria, Canada and spans the care continuum from independent living to memory care, with an average length of stay between three and four years, according to Welltower’s announcement.
Welltower anticipates the deal will close in the fourth quarter of...
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