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2026 Canadian Transactions of the Year
Eastern Canada
- EBlock’s Scott, Chatfield Honoured for Launching Physical, Online Vehicle Auction Centre in Halifax
- Both Forum REIIF, Alignvest Gain From ASH REIT Deal
- Colliers Teams Collaborate with Nokia and Governments on Mixed-Use, 11-Acre Campus
- KingSett Capitalizes on RTO Movement Early with Downtown Montreal Office Acquistion
- Mei Leads Hub City Team to Lease Up Chronically Vacant Duplex
- Boardwalk Excels Beyond its Comfort Zone with Three-Tower Apartment Complex Acquisition in Laval
- Teachers’ Seniors Home Portfolio Investment Pays Off with Sale to Welltower
- Colliers’ Amero and Roquet Large Laval New-Build Industrial Lease Stands Out
- Urbacon Achieves a Series of Firsts with $320M Data Centre ABS Refinancing Deal
- Primaris Uses Creativity to Complete $565M Acquisition of Promenades St-Bruno Mall
- Avison Young’s Clancy Closes Sale of Mississauga Industrial Asset in Under 100 Days
- Alta Canada’s Geller Steps Up to Buy Former Miséricorde Hospital in Downtown Montreal
Teachers’ Seniors Home Portfolio Investment Pays Off with Sale to Welltower
In early 2025, the Ontario Teachers’ Pension Plan reached an agreement to sell a portfolio of 38 luxury seniors housing communities and development parcels to Welltower for $4.6 billion.
Teachers’ completed the sale after owning the portfolio for 15 years. During that time, Teachers’ added 25 properties to the portfolio and took it private.
While generating a strong return on its investment, Teachers’ enabled Toledo, Ohio-based Welltower to acquire 31 high-quality assets, valued at $3.2 billion, located in affluent areas of Toronto, Vancouver and Victoria, B.C., and an additional seven properties under construction.
The deal also provided Welltower with an opportunity to drive outsized revenue and cash flow growth in coming years against a backdrop of rapidly growing demand and limited new supply, according to the U.S. company.
Welltower was also able to launch a long-term strategic partnership with Amica Senior Lifestyles, which continues to manage the properties, while acquiring a 10% ownership interest in the Toronto-based firm’s management company.
These are some of the reasons why the Ontario Teachers’ Pension Plan CEO Jo Taylor was honoured with a Connect Canadian Transactions of the Year Award for reaching an agreement to sell a seniors-housing portfolio to Welltower for approximately $4.6 billion. The awards highlight deals and closings impacting Canada’s commercial real estate sector.