Welltower Lands West Coast Srs. Portfolio

DeRosa: “Together with our operating partners, we are excited about the opportunities to provide the best senior care with a focus on wellness and innovation.”

LOS ANGELES—Welltower Inc. has greatly expanded its seniors housing presence in Northern and Southern California with a 19-property portfolio acquisition. CBRE Capital Markets’ National Senior Housing team has arranged the sale on behalf of affiliates of Vintage Senior Living and their private investor partners for $1.15 billion, or approximately $445,000 per unit.

“This transaction represents one of the most significant portfolios of first-class, institutional-grade senior housing platforms on the West Coast,” says CBRE EVP Matthew Whitlock. “Concentrated in core markets in Northern and Southern California, many of the communities boast irreplaceable locations and will provide the new owner with an unmatched presence in the Greater Los Angeles and San Francisco Bay areas.” Along with EVP Lisa Widmier and vice chairman Aron Will, Whitlock represented the sellers.