Welltower purchases portfolio of Sunrise Senior Living communities

news via Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com

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 has...

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