Welltower has launched its private funds management business to manage third-party capital.
The new business will pursue opportunities to invest across the capital structure in the healthcare and wellness real estate sectors. A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) is committing, as an anchor limited partner (LP), to the first fund managed by the new business, 20 percent or up to $400 million of capital. Welltower and Welltower’s management is also contributing 20 percent of the LP capital up to a total of $400 million.
Through the use of Welltower’s industry-leading data science platform, the first fund will seek to identify and acquire senior housing portfolios in the United States, focusing on properties that are either stable or have a near-term path to stabilization with an ability to enhance the cash-flow profile through Welltower’s o
