Welltower announced that it had $1.2 billion of transactions closed or under contract since the 2024 second-quarter earnings release — which came out on July 29, 2024. That made $6.1 billion in transactions year to date, a record for the company.

The company said that the $1.2 billion in new investment activity was underwritten to gain an internal rate of return in the "low double-digit range" with senior housing assets carrying an average age of less than 5 years.

CEO Shankh Mitra said in the earnings call that "as with the past few quarters, most of our investments have been bolt-on acquisitions within [the] senior housing sector, improving and benefiting from our already-established regional density. Our goal remains to go deep in our markets, not broad."