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Welltower snaps up 55 medical office facilities in a $1.25 billion deal

Modern Healthcare: Welltower has been making a lot of noise over the past ten months!

March 2018: In partnership with Hines, the healthcare real estate investment trust (NYSE: WELL) broke ground to develop a 16th-story assisted living and memory care community in Midtown Manhattan.

May 2018: In partnership with ProMedica, the healthcare real estate juggernaut entered into a strategic joint venture agreement to facilitate the acquisition of HCR ManorCare and Arden Courts real estate assets from Quality Care Properties.

December 2018: Qatar Investment Authority (QIA) established an interest in the Company's common stock through a $300 million investment and has an option to acquire an interest in a development pipeline of U.S. healthcare properties.

January 2019: Welltower will pay $1.25 billion for a portfolio of 55 Class A healthcare properties owned by CNL Healthcare Properties.