DigitalBridge Group has agreed to sell its Wellness Infrastructure business to an investment group consisting of two leading real estate investment firms, Highgate Capital Investments and Aurora Health Network. The transaction was valued at $3.2 billion.
The Wellness Infrastructure business is composed of a portfolio of more than 300 facilities across senior housing, skilled nursing, medical office buildings and hospitals. The business also includes the company's equity interest in and management of its sponsored non-traded REIT, NorthStar Healthcare Income.
In connection with the sale, buyers Highgate and Aurora will assume $2.6 billion in consolidated investment-level debt collateralized by the Wellness Infrastructure portfolio, as well as $294 million in subsidiary-level debt, including the company’s trust preferred securities and 5.375 percent exchangeable senior notes.
“We are thrilled to announce an agreement to sell our Wellness Inf
