From Pulse 2.0 · Amit Chowdhry · · 1m 10s
Brookdale Senior Living Acquires 30 Communities
Brookdale Senior Living completes $157M acquisition and agrees to buy 30 communities from Welltower for $290M.
In brief
Brookdale Senior Living completes $157M acquisition and agrees to buy 30 communities from Welltower for $290M. Brookdale Senior Living completed a $157 million acquisition of 17 senior living communities and agreed to purchase 30 additional communities from Welltower for $290 million, increasing its owned share of…
Brookdale Completes $157M Acquisition
Brookdale Senior Living completed the acquisition of 17 previously leased senior living communities for approximately $157 million.
Agrees To Buy 30 Communities From Welltower
Brookdale entered into a separate agreement to acquire 30 additional leased communities from Welltower for $290 million.
Total Real Estate Acquisitions
Together, the transactions represent approximately $447 million in real estate acquisitions and advance Brookdale’s strategy to increase ownership of the communities it operates.
Reduces Annual Cash Rent Obligations
The completed 17-community acquisition eliminates about $11 million in annual cash rent in 2027, while the planned Welltower acquisition is expected to eliminate an additional $17.8 million in annual cash rent.
Increases Owned Share To 77%
Following the September 30 closing, Brookdale’s owned share of consolidated units increased to approximately 77%.
The key point
Brookdale Senior Living completed a $157 million acquisition of 17 senior living communities and agreed to purchase 30 additional communities from Welltower for $290 million, increasing its owned share of units to 77% and reducing annual cash rent obligations.
