Welltower Inc. Acquires Seniors Housing Portfolio In Michigan, Ohio & Tennessee For $548M
Ohio, United States
$548,000,000
$196,627/SF
Building Size
2,787 SF
Asset Type
Other
Closing
Mar 7, 2022
About this deal
AI
Welltower Inc., represented by Shankh Mitra of the agency Shankh Mitra, has acquired the Seniors Housing Portfolio in Michigan, Ohio, and Tennessee. The portfolio consists of 2,787 units, with a sale price of $548,000,000, equating to an average price per unit of $196,627.
Summary of transaction details:
- Property Type: Seniors Housing
- Transaction Amount: $548,000,000
- Units: 2,787
- Price Per Unit: $196,627
- Buyer: Welltower Inc. - Shankh Mitra
- Market: Michigan, Ohio & Tennessee
Shankh Mitra of the agency Shankh Mitra represented Welltower Inc. in this acquisition. This purchase further expands Welltower Inc.'s presence in the seniors housing market, solidifying their position as a key player in the industry.
Players
Croton Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93