Welltower Acquires Senior Housing Properties In Lexington MA From National Development For $140M

The transaction involves the sale of two neighboring senior housing properties located at 55 Watertown Street and 56 Watertown Street in Lexington, MA. The total sale price was $140,000,000. The properties include a 221,000-square-foot facility named Waterstone, which was acquired for $119,000,000, and the 45,000-square-foot Bridges by EPOCH, sold for $21,000,000.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $140,000,000
• Buyer: Shankh Mitra
• Buyer Company: Welltower
• Seller: National Development
• Waterstone Sale Price: $119,000,000
• Bridges by EPOCH Sale Price: $21,000,000

The deal was represented by Shankh Mitra for Welltower and involved National Development as the seller, highlighting the key corporate entities engaged in this significant transaction in the senior housing market.