Welltower to acquire ultra-luxury seniors housing portfolio of Amica Senior Lifestyles from Ontario Teachers' Pension Plan for CAD4.6bn.

Welltower, a REIT investing in healthcare infrastructure, agreed to acquire ultra-luxury seniors housing portfolio of Amica Senior Lifestyles, a preeminent seniors housing owner and operator, from Ontario Teachers' Pension Plan, an independent organization responsible for administering defined-benefit pensions for school teachers, for CAD4.6bn. "We are delighted to announce the acquisition of the Amica portfolio, the highest quality senior housing portfolio in North America. These communities will join the top echelons of the Welltower portfolio, reflected by their location within the most desirable neighborhoods in all of Canada and ultra-luxe amenities and finishes. Against a backdrop of rapidly growing demand and limited new supply, we expect the portfolio to drive outsized revenue and cash flow growth in the coming years," Shankh Mitra, Welltower CEO.