With an allocated value of about $182.6 million, the 359-unit Aston Gardens Pelican Marsh in Naples, Fla., was the most valuable of the six private-pay independent living facilities acquired recently by a joint venture of Welltower Inc. and the Canada Pension Plan Investment Board (CPPIB). Photo courtesy of Discovery Bay
Welltower-CPPIB joint venture takes 95% of six Aston Gardens assets
By Murray W. Wolf
Welltower Inc. (NYSE: HCN) has partnered with the Canada Pension Plan Investment Board (CPPIB) and Discovery Senior Living to acquire the six-property, 1,930-unit Aston Gardens independent and assisted living portfolio in Florida for $569 million. The Toledo, Ohio-based healthcare real estate investment trust (REIT) announced the acquisition Feb. 18.
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