Vintage Coventry at 1550 Sutter St. in the Nob Hill area of San Francisco, with senior living, assisted living and memory care services, is one of 19 properties Welltower Inc. is in the process of acquiring from Vintage Senior Living. Photo courtesy of Vintage Senior Living
REIT to pay $1.15 billion for 19 properties from Vintage Senior Living
By John B. Mugford
In a $1.15 billion deal that’s expected to close in tranches starting in September, Welltower Inc. (NYSE: HCN) has entered into a definitive agreement to acquire a portfolio of 19 properties in Northern and Southern California from the current owner-operator, Newport Beach, Calif.-based Vintage Senior Living.
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