Brookdale Completes $157 Million Acquisition, Agrees to Buy 30 More Communities
Brookdale completed its purchase of 17 senior living communities for $157 million and agreed to acquire another 30 Welltower communities for $290 million, expected to close in Q4 2026. The transactions are expected to reduce annual rent obligations by approximately $28.8 million, partly offset by acquisition financing interest; a separate lease extension covers 39 Welltower communities through June 2036.
BKD completed a $157 million acquisition of 17 senior living communities and agreed to purchase another 30 from Welltower ($WELL) for $290 million, aiming to reduce lease expenses and expand property ownership. * Completed acquisition: Brookdale purchased 17 communities on September 30 using approximately $49 million in cash and $108 million in debt, eliminating roughly $11 million in projected annual rent. 8 million in annual 2027 rent obligations. 8 million, although interest expenses on acquisition financing will offset part of the savings.
* Ownership expansion: Brookdale expects its owned share of consolidated units to approach 80%, supporting higher adjusted EBITDA and cash flow. 6 million in annual rent. 4 times. The Welltower acquisition is expected to close in Q4 2026.