Toledo, Ohio,, March 2, 2025 / Prnewswire / – Welltower Inc. (nyse: GOOD) (“Welltower” or the “Company”) announced today that it was under contract to acquire a portfolio of 38 ultra-luxury housing communities and nine plots of development entitled $ 3.2 billionOntario teacher’s retirement plan for a global consideration of $ 4.6 billion C.. The irreplicable and trophy portfolio is located in highly affluent districts Toronto,, Vancouver And Victoria. In collaboration with the transaction, Welltower has also announced the formation of a long -term strategic partnership with AMICA Senior Lifestyles (“AMICA”), a housing owner / operator of category category housing with long -term experience of a creation of substantial value through an operational and higher development task.
“We are delighted to announce the acquisition of the friendly portfolio, the accommodation portfolio for the highest quality elderly in North America“Said Shankh Mitra, CEO of Welltower.” These communities will join the upper levels of the Welltower portfolio, reflected by their location in the most desirable neighborhoods of all Canada and the commodities and ultra-luxury finishes. In a context of growing demand and a new limited offer, we expect the portfolio to stimulate disproportionate income and cash flow growth in the years to come. “Mr. Mitra added:” We are also delighted to announce the creation of a long -term partnership with the AMICA management team. Co-founder of Amica Senior Lifestyles, Robert Ezerand CEO, Jens cermakShare our vision on the delivery of a proposal for a killer value for residents thanks to the offer of hospitality and high -end care and to provide a dynamic environment so that employees at the level of the site develop and thrive. “”
The transaction includes 31 on -site properties made up of 24 stabilized communities and seven recently open properties still for rent. The on -site properties are acquired at a substantial discount compared to the estimated replacement cost. AMICA stable active ingredients have shown significant price power with the growth of the REVOR, even outperforming the global portfolio of Sho de Welltower in the past five years. Welltower and Amica paved the way for a significant future expansion of the ultra-luxury and higher friendly acuity product in their target Toronto,, VancouverAnd Victoria The districts thanks to a long -term strategic partnership and the continuous management of properties by AMICA within the framework of a very aligned RIDEA 5.0 contract.
In addition to the portfolio on site, Welltower plans to acquire seven properties currently under construction which have been meticulously planned and organized throughout the development times that have extended almost a decade. Construction properties will be acquired during the realization of occupation certificates, which should occur in stages between 2025 and 2027. This structure allows Welltower to eliminate the risk of development while allowing $ 12,000 C. The nine plots of development Welltower plan to acquire are located in highly affluent and forced districts of the offer and have been titled by elongated and expensive processes that have taken place on average over five years, offering Welltower an important future option.
Amica communities offer a continuum of care, including an independent life, assisted life and memory care, allowing residents to age in place and helping to lead an average resident duration of 3 to 4 years. AMICA has an unrivaled assessment in the management and development of luxury housing communities, which allows it to successfully target very well -off neighborhoods while serving an unsatisfied need for a rapid aging population thanks to its higher offer given the Canadian housing industry for the elderly on independent life. As part of the transaction, Welltower acquires a minority interest in the much appreciated management company of AMICA, the AMICA management team holding the majority interest, which leads to an additional alignment.
“We are delighted to announce our long-term partnership with Welltower, who shares our passion for providing the highest quality care and services to the population of the elderly. We also think that we will be the main beneficiaries of the capacities of state-of-the-art data from Welltower data that will help our platform,” said Jens cermakCEO of AMICA. “Our premium communities call on a rich and sophisticated population through Canada Where the elders are allowed to live with freedom, optimism and peace of mind. Our portfolio has experienced exceptional growth in recent years, and we firmly believe that this momentum can be maintained even in the future. “”
During the closing of portfolio and development plots on site, which is expected in the fourth quarter of 2025, subject to customary regulatory approvals, Welltower will assume C 560 $ C Million CMHC-Assured, debt with an average interest rate of 3.6% and weighted average maturity over four years.
About Welltower
Welltower Inc. (nyse: GOOD), a real estate investment trust (“reit”) and a company S&P 500 whose head office is in Toledo, Ohio, stimulates the transformation of the health care infrastructure. Welltower invests with the main housing operators, post-sued suppliers and health systems to finance the real estate infrastructure required to set up innovative care provision and improve the well-being of people and overall health care experience. Welltower has interests in the properties concentrated in the main growing markets in the United States, Canada and the United Kingdom, made up of elder housing and post-Aiguës communities and ambulatory medical properties.
Prospective declarations
This press release contains “prospective declarations” as defined in the 1995 law on private securities disputes. When Welltower uses words such as “will”, “expect” or similar expressions that do not only relate to historical questions, Welltower makes prospective statements. Prospective declarations are not future performance guarantees and involve risks and uncertainties that can ensure that the real results of Welltower differ considerably from the welltower expectations discussed in prospective declarations. This can be the result of various factors, including, but without limiting itself: the possibility that the provided provided for the transaction are not carried out when and as planned or at all, including as a result of the impact or problems resulting from the integration of the properties acquired in the functioning of Welltower; Welltower’s ability to consume the long -term strategic partnership with AMICA in the currently expected terms, or within currently expected deadlines, and the expected performance of the strategic partnership. Welltower does not take any obligation to update or publicly revise all prospective declarations, whether due to new information, future events or otherwise, or to update the reasons why real results could differ from those projected in all prospective declarations.
Source Welltower Inc.
