The city ranks first among the 25 hotel markets in the nation for occupancy and rates.

This marks the REIT's third investment in the metro area.

Welltower will get control of NorthStar's 40 senior housing communities.

The deal is for over 55,000 square feet of space.

Rents hit a "high" of $36.34 per square foot full service, according to Savills.

Plus, multiple other categories showed improvement.

The portfolio spans 2.1 million square feet.

Developers could transform the asset into for-sale residences.