M&A Deal Summary

Welltower and Mainstreet Property Group Acquire 17 State-Of-The-Art Next Generation Communities

On August 13, 2014, Welltower and Mainstreet Property Group acquired real estate company 17 State-Of-The-Art Next Generation Communities for 369M USD

Acquisition Highlights
  • This is Welltower’s 4th and Mainstreet Property Group’s 1st transaction in the Real Estate sector.
  • This is Welltower’s 5th and Mainstreet Property Group’s largest (disclosed) transaction.
  • This is Welltower’s 6th and Mainstreet Property Group’s 1st transaction in the United States.

M&A Deal Summary
Date 2014-08-13
Target 17 State-Of-The-Art Next Generation Communities
Sector Real Estate
Buyer(s) Welltower
Mainstreet Property Group
Deal Type Joint Venture
Deal Value 369M USD

Target

17 State-Of-The-Art Next Generation Communities

United States
The Next Generation communities each feature a mix of 70 post-acute beds and 30 assisted living beds, high-end common areas and amenities, private rooms and baths, and large rehabilitation therapy space.

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Buyer(S) 2

Buyer

Welltower

Toledo, Ohio, United States
Category Company
Sector Real Estate
Employees533
Revenue 6.5B USD (2023)
DESCRIPTION
Entrance to Welltower's corporate headquarters in Toledo, Ohio.
Entrance to Welltower's corporate headquarters in Toledo, Ohio.

Welltower is a real estate investment trust (REIT). The Company's portfolio ranges from healthcare real estate to senior housing communities, nursing/post-acute facilities, and medical office buildings.

DEAL STATS #
Overall 7 of 8
Sector (Real Estate) 4 of 4
Type (Joint Venture) 1 of 1
Country (United States) 6 of 6
Year (2014) 3 of 3
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-13 HealthLease Properties Real Estate Investment Trust

Toronto,, Ontario, Canada

HealthLease owns a modern, high-quality portfolio of seniors housing, post-acute and long-term care communities, with 53 properties in two Canadian provinces and eight U.S. states. The communities are leased to experienced tenant operators under long-term, triple-net lease structures.

Buy $950M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-26 Regal Lifestyle Communities

Toronto, Ontario, Canada

Regal Lifestyle Communities, Inc. is a provider of healthcare services.

Buy CA$764M
Buyer

Mainstreet Property Group

Carmel,, Indiana, United States
Category Company
Founded 2002
Sector Real Estate
DESCRIPTION

Mainstreet Property Group, LLC is a innovative developer of short-stay rehabilitation and long-term care properties, known for acquiring and developing desirable, concierge-based health care properties.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Joint Venture) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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