Welltower Inc. (NYSE:WELL) entered into a definitive agreement to acquire portfolio of 86 seniors housing properties in United States from Holiday AL Management Sub LLC for $1.6 billion on June 21, 2021. Through this transaction, the 86-property portfolio will be acquired by Welltower for $1.58 billion, or $152,000 per unit. Portfolio of 86 seniors housing properties, including 80 nearly identical independent living ("IL") and six combination independent living/assisted living ("IL/AL") properties.

In a related transaction, Atria Senior Living, Inc., entered into a binding agreement to acquire management services business of Holiday Al Management Sub Llc. The transaction is subject to customary closing conditions and is expected to be in the third quarter 2021. The transaction is expected to be approximately $0.1 per diluted share accretive to Welltower's normalized funds from operations during the first twelve months post-closing.

Barclays PLC (LSE:BARC) acted as exclusive financial advisor to Holiday AL Management Sub LLC. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Holiday AL Management Sub LLC.