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Washington DC  + Senior Housing  | 

Welltower Acquires Five Seniors Assets in $285M Deal

Welltower Inc. acquired five purpose-built, private pay seniors housing properties recently developed and managed by Sunrise Senior Living in a deal valued at $285 million. The communities are located in dense infill locations within the San Francisco, San Diego and Washington, D.C. metropolitan areas.

Welltower’s Thomas J. DeRosa says, “Welltower’s purchase of these five newly-developed communities in prized locations further solidifies our standing as the largest owner of premier seniors housing properties in the United States. The acquisition of these assets further enhances our already high- quality Sunrise portfolio and reinforces our commitment to this best-in-class operator.”

Welltower previously funded 34% of the development cost for the communities through its joint venture and ownership of Sunrise Senior Living. The five communities were opened in 2017 and 2018, and upon acquisition had an occupancy of 67%.

Sunrise will continue to manage the communities under an incentive-based management contract.

*Pictured Sunrise of Pleasanton, CA


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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