That deal roughly doubled Merrill Gardens size, to more than 50 communities. Skilled Nursing News is the leading source for news and information covering the skilled nursing industry. To read this article on Zacks.com click here. Strong revenue generation in 2023 Four Wall Street firms project 2023 revenues to range $15 million to $40 million. The Gunawan familys reluctance to give a board seat to an incoming investor had stymied ANZs earlier negotiations with suitors, Bloomberg News reported in 2015. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Companys management. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPas data capabilities and understanding of consumer shopping behaviour. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. In Feb. 2020, Welltower announced that it had reached a definitive agreement to sell an assisted living portfolio of communities in those three states for $740 million, but the REIT at that time did not disclose the operator involved. The joint venture included Aurora, Welltower Inc. (NYSE: WELL) and Peace Capital. Download this report and discover how CRE organizations are driving process efficiencies, sustainability and security for spaces, buildings and lives. Welltower Largely Splits With Genesis, Bolsters ProMedica JV in Deals This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. The SHO portfolio occupancy improves year over year. Access this article to explore key reasons why people are leaning toward rental life instead of homeownership. from 8 AM - 9 PM ET. Cofinimmo : continues its asset rotation strategy in the office segment ZOM Living Sells Mezzo Dallas Multifamily Development, Unlimited access to GlobeSt and other free ALM publications, Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications, 1 free article* every 30 days across the ALM subscription network, Exclusive discounts on ALM events and publications. This press release may include forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When typing in this field, a list of search results will appear and be automatically updated as you type. The deal includes $316 million of net value to DigitalBridge consisting of $226 million in cash and a five-year, $90 million seller note. 51 apartments in 3 buildings in 2 towns in Hillsborough County NH. 2023 Top Security Trends: User Experience and Convenience Are Driving More Effective Security for CRE. For more information on Glennis Solutions, visitGlennisSolutions.com. Welltower also shared an operating update Tuesday as part of its monthly Covid-19 disclosures. The company is eyeing markets as far south as the Carolinas, west to Kansas City, and north to Minneapolis. Residents weigh a multitude of factors when deciding whether to rent or buy their home. Welltower Gains Middle-Market Senior Housing Platform Clover Management Portfolio occupancy has already increased over 2.7% since bottoming in March 2021. TOLEDO, Ohio, Oct. 5, 2020 /PRNewswire/ --Welltower Inc.(NYSE: WELL), today announced that it has expanded its relationship with leading institutional real estate investors through the sale of three portfolios with a combined valuation of $1.3 billion. The transaction is expected to be approximately $0.10 per diluted share accretive to Welltower's normalized funds from operations during the first twelve months post-closing. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>. 9 Upgraded Stocks to Buy in April | Investing | U.S. News It also represents yet another twist in the long-running series of attempts by some of Panin Banks shareholders to sell their stakes. This may be a result of various factors, including, but not limited to: the duration and scope of the COVID-19 pandemic; the impact of the COVID-19 pandemic on occupancy rates and on the operations of Welltower and its operators/tenants; actions governments take in response to the COVID-19 pandemic, including the introduction of public health measures and other regulations affecting Welltower's properties and the operations of Welltower and its operators/tenants; the effects of health and safety measures adopted by Welltower and its operators/tenants related to the COVID-19 pandemic; increased operational costs as a result of health and safety measures related to COVID-19; the impact of the COVID-19 pandemic on the business and financial condition of operators/tenants and their ability to make payments to Welltower; disruptions to Welltower's property acquisition and disposition activity due to economic uncertainty caused by COVID-19; general economic uncertainty in key markets as a result of the COVID-19 pandemic and a worsening of global economic conditions or low levels of economic growth; the status of capital markets, including availability and cost of capital; uncertainty from the expected discontinuance of LIBOR and the transition to any other interest rate benchmark; issues facing the health care industry, including compliance with, and changes to, regulations and payment policies, responding to government investigations and punitive settlements and operators'/tenants' difficulty in cost effectively obtaining and maintaining adequate liability and other insurance; changes in financing terms; competition within the health care and seniors housing industries; negative developments in the operating results or financial condition of operators/tenants, including, but not limited to, their ability to pay rent and repay loans; Welltower's ability to transition or sell properties with profitable results; the failure to make new investments or acquisitions as and when anticipated; natural disasters and other acts of God affecting Welltower's properties; Welltower's ability to re-lease space at similar rates as vacancies occur; Welltower's ability to timely reinvest sale proceeds at similar rates to assets sold; operator/tenant or joint venture partner bankruptcies or insolvencies; the cooperation of joint venture partners; government regulations affecting Medicare and Medicaid reimbursement rates and operational requirements; liability or contract claims by or against operators/tenants; unanticipated difficulties and/or expenditures relating to future investments or acquisitions; environmental laws affecting Welltower's properties; changes in rules or practices governing Welltower's financial reporting; the movement of U.S. and foreign currency exchange rates; Welltower's ability to maintain Welltower's qualification as a REIT; key management personnel recruitment and retention; the impact of our senior leadership transition; and other risks described in Welltower's reports filed from time to time with the SEC.
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