Welltower Forges Partnership for “Future of Senior Living”
Welltower Inc. has formed a new relationship with Monarch Communities, a vertically integrated senior living provider with expertise in development, design-build, management and long-term ownership. The Hooksett, NH-based Monarch was launched in 2019 by industry veterans Michael Glynn, Ross Dingman, and Andrew Teeters.
“Monarch is an ideal fit to our long-term vision in senior living,” said Welltower CEO Shankh Mitra. “Monarch’s turnkey business model will create a vertically integrated solution for all aspects of the senior living space—from sourcing opportunities, to design and construction, to operations and long-term ownership. We are excited to be partnering with Michael, Andrew and Ross and supporting their dynamic paradigm for the future of senior living.”
The partnership is breaking ground this month on its inaugural senior housing development, Monarch Cooper’s Corner in New Rochelle, NY. Welltower and Monarch are also working together to reposition several Welltower communities in the Mid-Atlantic and Northeast regions.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types as well as delving into broader subject matter. He produces 15-20 daily news stories per day and also works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.