In striking a joint venture with Clover Management, real estate investment trust Welltower (NYSE: WELL) has brought a quickly expanding middle-market independent living company into the fold.

In a $343 million transaction announced in late July, Toledo, Ohio-based Welltower acquired a portfolio of 32 Clover communities, including four under development.

“Welltower is delighted to add Clover Management, a developer and manager of independent living communities that delivers a quality experience at an affordable price, to our family of best-in-class operators,” a Welltower spokesperson told Senior Housing News.  Read more ›