Welltower Announces Expansion of Strategic Partnership with Oakmont Management Group
(NYSE: WELL) or the "Company" today announced the deepening of its strategic partnership withOakmont Management Group("Oakmont"), a leading West Coast operator of Class A communities focused on specialized resident health and wellness programming.
- (NYSE: WELL) or the "Company" today announced the deepening of its strategic partnership withOakmont Management Group("Oakmont"), a leading West Coast operator of Class A communities focused on specialized resident health and wellness programming.
- Following this transaction, the Welltower-Oakmont partnership will comprise 22 assets across highly-desirable micro markets inCalifornia with an additional three properties in development.
- "We are excited to meaningfully expand our strategic relationship with Welltower through the acquisition of these seven communities in our target markets," saidCourtney Siegel, Oakmont President and CEO.
- Oakmont Management Group, based inIrvine California, is a recognized leader in the senior living industry that manages a portfolio of communities under the Oakmont Senior Living and Ivy Living brand.