**Welltower to Acquire Luxury Senior Housing Portfolio for C$4.6 Billion**
Welltower, a Toledo, Ohio-based real estate investment trust (REIT), has announced an agreement to acquire a portfolio of 38 luxury senior housing communities along with nine development parcels from the Ontario Teachers’ Pension Plan. The total transaction is valued at C$4.6 billion ($3.2 billion).
The portfolio is located in prime neighborhoods across Toronto, Vancouver, and Victoria. It includes 31 existing senior housing communities, comprising 24 stabilized properties and seven recently opened communities that are still in the lease-up phase.
As part of this acquisition, Welltower will establish a long-term strategic partnership with Toronto-based Amica Senior Lifestyles, a leading operator of luxury senior housing. Amica will continue to manage the properties under a structured agreement, while Welltower will also acquire a minority interest in its management company.
The closing of the portfolio acquisition, including the development parcels, is expected to occur in the fourth quarter of 2025, pending customary regulatory approvals.
This acquisition follows Welltower’s recent announcement in January of a $900 million deal to acquire NorthStar Healthcare Income, an owner of senior housing properties.
