Reuben Brothers (RB) and Welltower have announced the formation of a long-term strategic partnership in conjunction with Reuben Brothers’ acquisition of Avery Healthcare, one of Welltower’s largest operating partners and the company’s largest partner in the United Kingdom.
The 50-50 joint venture partnership is expected to generate significant future growth opportunities through the development of the next generation of senior housing properties. This transaction aims to meet the demand of an aging population in the United Kingdom.
The acquisition of Avery Healthcare, one of the United Kingdom’s pre-eminent operators of assisted living and care facilities, marks RB’s initial investment in the rental senior housing and care home sector, serving as a beachhead investment in an area of strategic growth. With high-quality assets concentrated across Greater London, the Avery portfolio will complement Reuben Brothers’ existing portfolio of real estate assets and
