Welltower Inc. entered into definitive agreement to acquire 14 Property Seniors Housing Portfolio in United States from NorthStar Healthcare Income, Inc. for $580 million.

Welltower Inc. (NYSE:WELL) entered into definitive agreement to acquire 14 Property Seniors Housing Portfolio in United States from NorthStar Healthcare Income, Inc. (OTCPK:NHHS) for $580 million on November 1, 2021. The portfolio is comprised of eight rental and six entrance fee communities located in attractive markets across the United States, including Bellevue, WA, Data Point, CA, and Alexandria, VA. Watermark Retirement Communities will be retained to manage the portfolio under a highly aligned RIDEA 3.0 management agreement.

The transaction is subject to customary closing conditions.