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Some 19,300 homes could be destroyed in the next 15 years, while another 24,300 face damage.
The real estate assets are located in 23 states.
A November report assessed the value of the building at $896 million.
The portfolio covers more than 1.25 million rentable square feet and over 9,700 units.
This marks the REIT's third investment in the metro area.
Welltower will get control of NorthStar's 40 senior housing communities.
The company says it won’t further invest in the office or life science sectors either.
The deal is for over 55,000 square feet of space.
Plus, multiple other categories showed improvement.
The portfolio spans 2.1 million square feet.