TOLEDO, OHIO—Welltower has made two recent dispositions in the seniors housing and outpatient medical asset classes, for a total of $1 billion.
The REIT reports that the blended cap rate on the seniors housing properties was 5.8% on a trailing 12-month period and the outpatient medical assets sold at a 5.45% on a trailing 12-month NOI.
The seniors housing, or more specifically nursing homes, have been severely affected by the pandemic with more than 40,600 long-term care residents and workers having died of COVID-19—about 40% of the nation's death toll attributed to the coronavirus—according to an analysis of state data gathered by USA Today.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
