Welltower Announces Acquisition of Ultra-Luxury Amica Senior Lifestyles Portfolio for C$4.6 Billion and Formation of Long-Term Growth Partnership
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Welltower Inc. (NYSE: WELL) is set to acquire a portfolio of 38 ultra-luxury senior housing communities and nine development parcels from Ontario Teachers' Pension Plan for C$4.6 billion. This acquisition includes a 31-property in-place portfolio valued at C$3.2 billion, located in affluent neighborhoods in Toronto, Vancouver, and Victoria.
March 02, 2025 | 9:00 pm
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Welltower Inc. is acquiring a high-value senior housing portfolio from Ontario Teachers' Pension Plan for C$4.6 billion, enhancing its presence in affluent Canadian markets.
The acquisition of a high-value portfolio in affluent Canadian markets is likely to enhance Welltower's market position and growth prospects, positively impacting its stock price in the short term.
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