Welltower Agrees to Sell Western Portfolio for $740M

TOLEDO, Ohio — Welltower (NYSE: WELL) has agreed to sell a portfolio of seniors housing properties in California, Nevada and Washington for more than $740 million.

The announcement was made on the company’s fourth-quarter earnings call on Wednesday, Feb. 12. Very few details have been released, however, with Welltower not disclosing the names, locations, buyers or number of properties.

The portfolio was 97 percent occupied with a net operating income of $36.7 million in 2019.