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.<\/p>\n\n\n
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.<\/p>\n\n\n
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.<\/p>\n\n\n
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.<\/p>\n\n\n
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.<\/p>\n\n\n
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.<\/p>\n","protected":false},"author":452,"featured_media":371296,"parent":370433,"menu_order":0,"template":"","format":"standard","story-market":[1249],"award_database":[1245,1244],"class_list":["post-371003","awards","type-awards","status-publish","format-standard","has-post-thumbnail","hentry","story-market-eastern-canada","award_database-2026-canadian-transactions-of-the-year","award_database-canadian-transactions-of-the-year"],"acf":[],"yoast_head":"\n