Welltower buys five nursing homes in $208M spree amid senior housing boom
Ohio-based Welltower dropped $208.2 million on five nursing and rehabilitation centers across Broward and Palm Beach County in a portfolio deal. Entities linked to Welltower bought three nursing homes in Broward County for $160 million and two in Palm Beach County for $48.2 million, records show. The sellers for each property were companies managed by David Katz of TL Management in Brooklyn. The largest deal was in Wilton Manors, where Welltower, led by Shankh Mitra, paid $58.7 million for the Wilton Manors Health & Rehab Center at 2675 North Andrews Avenue. The 63,690-square-foot property was built on a 4.6-acre lot […]This article originally appeared on The Real Deal. Click here to read the full story.
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