Senior Housing News June 3, 2024
Welltower has announced it is transitioning 89 senior living communities managed by Atria to six other operators that include Arrow Senior Living, Cogir, Discovery Senior Living, QSL, Sagora and StoryPoint.
As of June 3, Welltower had transitioned 27 of the 89 properties, with plans to transition the rest in the third quarter of the year.
“The transitions will create strong geographic density with best-in-class regional operating partners across the U.S. that have a proven track record in markets where the properties are located,” the Toledo, Ohio-based real estate investment trust (REIT) wrote in a business update Monday morning.
Welltower has already transitioned 14 properties in Texas and the Southern U.S. to Sagora Senior Living and 13 properties in the Midwest...
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