Welltower Inc Acquires Senior Housing Communities In Thornton And Castle Rock For $153M

The transaction involves two senior housing communities located at 12281 Washington Center Parkway and 1855 Low Meadow Boulevard in Thornton and Castle Rock, CO. Welltower Inc. acquired the properties at a sale price of $153 million, with a total of 318 units, resulting in a price per unit of $481,132.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $153,000,000
• Buyer: Shankh Mitra - Welltower Inc
• Seller: Bonaventure Senior Living
• Units: 318
• Price Per Unit: $481,132

An affiliate of Welltower Inc. was responsible for the purchase, acquiring Ivy Thornton for $80 million and Ivy Castle Rock for $73 million. The properties are situated in suburban Denver, contributing to the strategic expansion of Welltower Inc. in the senior housing market.