Welltower (WELL) announced that it is under contract to acquire a portfolio of 38 ultra-luxury seniors housing communities and nine entitled development parcels, including a 31-property in-place portfolio valued at C$3.2 billion, from Ontario Teachers’ Pension Plan for aggregate consideration of C$4.6 billion. The portfolio is located within neighborhoods in Toronto, Vancouver and Victoria. In conjunction with the transaction, Welltower also announced the formation of a long-term strategic partnership with Amica Senior Lifestyles.
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