**Welltower Acquires Cogir at Continental Ranch for $22.2 Million**
Welltower has acquired Cogir at Continental Ranch, an assisted living and memory care community located at 8689 N Silverbell Road in Marana, Arizona. The purchase price was $22.2 million, equating to approximately $205,991 per unit.
The seller, Kayne Anderson Real Estate, originally developed the property in partnership with Watermark Senior Living and held the asset until its recent sale.
Constructed in 2018, the two-story community features 118 beds across 101,782 square feet and sits on a 3.99-acre site at the intersection of Silverbell Road and Continental Reserve Loop. The property offers a mix of studio, one-bedroom, and two-bedroom residences. Amenities include a commercial kitchen and dining hall, fitness center, salon, theater, landscaped courtyards, and dedicated memory care wings.
Welltower specializes in investing in senior housing, post-acute communities, and outpatient medical properties across high-growth markets in the United States, Canada, and the United Kingdom.
