The transaction covers 1,152 assisted living and memory care units spread across 13 states. By bringing these assets under its own ownership, Brookdale anticipates a $17.8 million reduction in annual cash rent payments starting in 2027. The deal also includes an extension of an existing 39-community lease with Welltower, pushing the maturity date to 2036.

This agreement arrives alongside the finalized acquisition of 17 other communities, totaling 735 units for $157 million. Chief Executive Nick Stengle noted that these combined efforts are designed to boost cash flow and adjusted earnings. By securing direct ownership, the company intends to capture the full upside of future operating growth while shedding long-term lease obligations that previously limited its financial flexibility.