Brief: Welltower Announces Planned Acquisition Of $1 Bln Affinity Active Adult Portfolio

Welltower

13/02/2024 21:55

Feb 13 (Reuters) - Welltower Inc  WELL.N :
    * WELLTOWER ANNOUNCES PLANNED ACQUISITION OF $1.0 BILLION
AFFINITY
ACTIVE ADULT PORTFOLIO AND FORMATION OF LONG-TERM STRATEGIC
PARTNERSHIP
    * WELLTOWER INC - ACQUISITION IS EXPECTED TO BE FUNDED
THROUGH
CASH ON HAND AND ASSUMPTION OF $523 MILLION OF BELOW-MARKET RATE
DEBT
    * WELLTOWER INC - UNDER CONTRACT TO ACQUIRE PORTFOLIO OF 25
PURPOSE-BUILT ACTIVE ADULT COMMUNITIES FOR $969 MILLION
    * WELLTOWER INC - EXPECTS TO ENTER INTO A LONG-TERM
PROGRAMMATIC
DEVELOPMENT AGREEMENT WITH AFFINITY

Source text for Eikon:  ID:nPnVmqyYa 
Further company coverage:  WELL.N 

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