Welltower has announced it made $1.2 billion of transactions closed or under contract since the 2024 second-quarter earnings release — which came out on July 29, 2024. That brought the year-to-date total $6.1 billion, a record for the company.

The company said that the $1.2 billion in new investment activity was underwritten to gain an internal rate of return in the "low double-digit range" with senior housing assets carrying an average age of less than five years.

CEO Shankh Mitra said in the earnings call that "as with the past few quarters, most of our investments have been bolt-on acquisitions within [the] senior housing sector, improving and benefiting from our already-established regional density. Our goal remains to go deep in our markets, not broad."

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