Welltower to acquire the 86-property seniors housing portfolio of Holiday Retirement for $1.58bn.

Welltower, a real estate investment trust, agreed to acquire the 86-property seniors housing portfolio of Holiday Retirement, a provider of retirement services, for $1.58bn. The transaction is expected to close in the third quarter of 2021. "The Holiday team is focused on continuing the highest level of service and care to our residents and their families. We believe the significant investment into Holiday's platform, technology infrastructure and importantly, our communities will enhance our collective ability to deliver quality services to the dynamic needs of our customers and to create a bright future for our employees," Lilly Donohue, Holiday Retirement CEO.