Welltower Announces Holding Company Reorganization Upreit Structure Improves Ability To Acquire Properties In Tax Deferred Structures
Welltower Announces Holding Company Reorganization Upreit Structure Improves Ability To Acquire Properties In Tax Deferred Structures
03/07/22, 12:06 PM
Location
toledoIndustry
real estate
hospitality
health care
Welltower® Inc. (NYSE: WELL) (the "Company") today announced that it intends to implement a holding company reorganization (the "Reorganization") that would structure Welltower as an Umbrella Partnership Real Estate Investment Trust, or UPREIT. In the Reorganization, a new holding company ("New Welltower") will become the publicly traded parent company and will inherit the name "Welltower Inc." The current real estate investment trust ("Old Welltower") will exist as a wholly owned subsidiary of New Welltower initially called "Welltower OP Inc." and, subject to approval of New Welltower's shareholders, convert to a Delaware limited liability company, "Welltower OP LLC" (the "LLC Conversion").
Company Info
Location
Toledo, Ohio, United States
Company info
Welltower Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust, owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. More information is available at www.welltower.com.