**Welltower Acquires Assisted Living and Memory Care Community in Marana, Arizona for $22.2M**
Welltower has acquired Cogir at Continental Ranch, an assisted living and memory care community located at 8689 N. Silverbell Road in Marana, Arizona. The transaction was valued at $22.2 million, equating to approximately $205,991 per unit.
The property was sold by Kayne Anderson Real Estate, which originally developed the community in partnership with Watermark Senior Living.
Completed in 2018, the two-story facility 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 community offers studio, one-bedroom, and two-bedroom residences, along with a range of amenities including a commercial kitchen and dining hall, fitness center, salon, theater, landscaped courtyards, and dedicated memory care wings.
Welltower is a real estate investment trust (REIT) that focuses on senior housing, post-acute care communities, and outpatient medical properties across high-growth markets in the U.S., Canada, and the U.K.
