Welltower Inc. acquired Portfolio of four medical office buildings of 510,000 rentable square feet in Birmingham, Alabama for approximately $150 million.
May 10, 2022
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Welltower Inc. (NYSE:WELL) acquired Portfolio of four medical office buildings of 510,000 rentable square feet in Birmingham, Alabama for approximately $150 million on March 31, 2022. The portfolio of 509,617 sq. ft. was acquired at $291 per sq.ft.
Welltower Inc. completed the acquisition of Portfolio of four medical office buildings of 510,000 rentable square feet in Birmingham, Alabama on March 31, 2022.
Welltower Inc. is a real estate investment trust (REIT). The Company owns interests in properties concentrated in markets in the United States, Canada, and the United Kingdom (U.K.), consisting of seniors housing and post-acute communities and outpatient medical properties. The Companyâs segments include Seniors Housing Operating, Triple-net and Outpatient Medical. The Seniors Housing Operating segment properties include senior apartments, assisted living, independent living/continuing care retirement communities, independent supportive living communities (Canada), care homes with and without nursing (U.K.), and combinations. The Triple-net segment invests in seniors housing and health care real estate through the acquisition and financing of primarily single tenant properties. Properties acquired are primarily leased under triple-net leases. The Companyâs Outpatient Medical segment properties are leased to multiple tenants.
Welltower Inc. acquired Portfolio of four medical office buildings of 510,000 rentable square feet in Birmingham, Alabama for approximately $150 million.