Qatar Sovereign Fund Invests $300 Million in Welltower
December 04 2018 - 8:48AM
Dow Jones News
By Michael Dabaie
Welltower Inc. (WELL) said Tuesday that an affiliate of
sovereign wealth fund Qatar Investment Authority established an
interest in its common stock through a $300 million investment.
The sovereign fund has an option to acquire an interest in a
development pipeline of urban senior living communities,
representing the initial investments in a long-term partnership,
Welltower said.
QInvest acted as financial advisor to QIA on the
transaction.
Real estate investment trust Welltower invests with leading
seniors housing operators, post-acute providers and health systems
to fund real estate infrastructure.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
December 04, 2018 08:33 ET (13:33 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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