$6.2 billion across 30 mostly off-market acquisitions made Q2 one of Welltower’s busiest buying periods, with the REIT saying it has already completed or put under contract $15.5 billion of deals this year.
A data-science platform cut Welltower’s transaction timeline to 45 to 60 days, helping it sift through tens of billions of dollars in opportunities and win deals by offering speed and certainty.
The acquisition push is backed by operating momentum: same-store senior housing revenue rose 9.2%, occupancy reached 87.6%, RevPOR climbed to $6,059, and total NOI increased 15.5% year over year.
Welltower expects another $6 billion of transactions before year-end, focused mainly on newer communities averaging six years old and roughly 75% occupied.
Management says a favorable M&A market, aging demographics, wealthy baby boomers and a broader rollout of its Welltower Business System to 700 assets by end-2026 should support longer-term growth.