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Welltower purchases portfolio of Sunrise Senior Living communities

(BIZ Journals) - 6 months, 2 weeks ago
 Welltower Inc., a Toledo, Ohio-based real estate investment trust focused on medical and assisted living buildings, has agreed to buy four continuing care and retirement communities in the Washington, D.C., Miami and Charlottesville, Va., areas for $368 million. The portfolio of properties is currently managed by McLean’s Sunrise Senior Living under triple-net leases. The seller is Newton, Massachusetts-based Senior Housing Properties Trust (NASDAQ: SNH). Welltower (NYSE: HCN), which h...
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