Welltower Adds Fuel to Investment Engine, Refocusing Efforts on Lower-Acuity Assisted Living

Welltower (NYSE: WELL) continued its strong investment performance in the second quarter of the year, announcing an additional $1.1 billion in investments to bring its total acquisition activity to almost $5 billion in 2024. CEO Shankh Mitra highlighted the company’s focus on senior housing assets, with a strategic decision to target lower acuity assisted living residents. Welltower’s total portfolio same-store NOI growth reached 11.3%, led by the senior housing operating portfolio segment. The company’s normalized FFO increased by 16.7% in the second quarter of 2024. With a focus on growth and strategic investments, Welltower is poised for continued success in the senior living industry.