Brookdale Completes Acquisition of 17 Communities and Announces Mutually Beneficial Agreement to Acquire 30 Additional Leased Communities from Welltower
PR Newswire•13/10/2026•16:15 ET
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Key Highlights
- ➤Brookdale completed 17-community acquisition for approximately $157 million, eliminating $11 million of 2027 annual cash rent
- ➤Brookdale agreed to acquire 30 Welltower communities for $290 million, reducing 2027 annual cash rent by $17.8 million
- ➤30-community acquisition would lift Brookdale’s owned unit share to nearly 80%
- ➤39-community Welltower lease would extend to June 2036, with purchase option exercisable anytime
- ➤17-community acquisition funded with cash and $108 million non-recourse mortgage financing
Expert Statements
Nick Stengle, Chief Executive Officer of Brookdale
“The completed acquisition of 17 communities and the agreement to acquire 30 communities from Welltower together represent another significant step forward in our strategy to own more of the real estate we currently operate. Ownership allows Brookdale to capture the full benefit of future operating growth, while reducing our long-term lease obligations. These transactions are expected to be accretive to Adjusted EBITDA and cash flow.”
Nick Stengle, Chief Executive Officer of Brookdale
“The Welltower lease amendment also will provide valuable flexibility by giving Brookdale the right to exercise a fair market value purchase option at any time during the term of the lease, subject to a pre-negotiated floor.”
Brookdale Completes Acquisition of 17 Communities and Announces Mutually Beneficial Agreement to Acquire 30 Additional Leased Communities from Welltower PR Newswire
BRENTWOOD, Tenn., Oct. 13, 2026 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") today announced additional transactions to advance Brookdale's strategy to further increase its real estate ownership and reduce its long-term lease obligations.
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