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Welltower Inc to buy Sunrise-managed care communities

Welltower Inc., a real estate investment trust that invests in senior housing, assisted living and memory care communities, post-acute care facilities, and medical office buildings, has agreed to acquire a portfolio of rental continuing care retirement communities in the Washington, D.C., Miami and Charlottesville, Va., areas for $368 million, PE Hub reported. The communities are currently managed by Sunrise.


Real Estate,real estate deals,commercial real estate