Welltower, the U.S. healthcare REIT, has agreed to a development partnership with Quantum Group.
The strategic partnership will develop first-class healthcare communities in markets with a considerable undersupply of quality care services.
In the United Kingdom, Welltower has already invested £13 million ($15 million) in a 64-bed property with Avery Healthcare and £18 million ($21 million) in a Sunrise Senior Living property.
The REIT also initiated a relationship with Encore Care Homes through the £13 million ($15 million) purchase of a 60-bed private pay–focused property in Southampton in a deal supported by property consultant JLL.
“The partnership perfectly aligns our organization’s belief that by placing customer needs at the heart of our businesses, we can create life-affirming places to take care of the generations which hitherto cared for us, whilst delivering long-term economic value and growth,” said Julian Shaffer, managing director of Quantum.
