Welltower and Kisco Senior Living forms strategic partnership

Welltower and Kisco Senior Living have formed a long-term strategic partnership, building on the two companies’ success from prior joint ventures.

The exclusive partnership, which brings together Kisco’s next-generation senior housing and care model with Welltower’s unparalleled data-analytics platform, has broken ground this year on two premium seniors-housing communities: The Carnegie at Washingtonian Center and Phase Two of The Cardinal at North Hills. Both are in super-prime U.S. micro markets.

Welltower and Kisco's first project, The Cardinal, is one of the most successful senior living communities in the United States, having maintained occupancy of more than 95 percent over the past five years and returning to 100 percent occupancy in September 2021.

The Carnegie, located in Gaithersburg, Maryland, will feature as many as seven stories, with 302 independent-living, assisted-living and memory-care residences, and will offer residents state-of-the-art