Welltower and Brookdale Senior Living Enter Into Broad Collaborative Relationship Restructuring

PRNewswire

Jun 28, 2018

- Welltower's overall Brookdale concentration is expected to decrease from 7.6% to 2.9% of In-Place NOI, while improving lease coverage on the remaining Brookdale portfolio to 1.31x EBITDAR.

- Provides a right sized long-term relationship with Brookdale that could allow for additional future growth opportunities.

- Initiates a new RIDEA joint venture with Pegasus Senior Living led by industry veterans Steven Vick and Chris Hollister.

- Expands existing relationship with Cogir Management Corporation, bringing the best-in-class, most innovative Canadian operator to the US.

PR Newswire

TOLEDO, Ohio, June 27, 2018

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