WELL Updates Seniors Housing NNN, Plans to Sell Brookdale Portfolio
Welltower(WELL) ZACKS·2024-10-04 02:16
Welltower Inc. (WELL) recently provided an update on the Seniors Housing Triple-Net (SH NNN) portfolio. It also plans to sell the Brookdale Portfolio for $175 million. The company is reducing SH NNN exposure to secure attractive returns for shareholders and bolster long-term growth prospects. In the recent update, Welltower noted that it has completed the conversion of five communities that were previously under a triple-net lease with Sagora to a Seniors Housing Operating (RIDEA) structure. Per the second- ...