Welltower Inc. Acquires Seniors Housing Portfolio In Michigan, Ohio & Tennessee For $548M

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.