Welltower Execs Discuss REIT’s $1.2B Nursing Home Investments, Detail Aspire Health Deal
Welltower Inc.’s (NYSE: WELL) $1.2 billion in skilled nursing investments in the first financial quarter served as a “credit business,” executives of the real estate investment trust (REIT) said Tuesday while discussing details of its investment in Aspire Healthcare. Welltower Co-President and Chief Investment Officer Nikhil Chaudhri described skilled nursing as a credit business, in that investments were approached with a focus on the borrower’s ability to repay, he said, whether structured as debt or triple net leases. The scope of the investment caught the attention of financial analysts during...