Welltower Strengthens Relationship with Five Star Senior Living
Welltower and Five Star Senior Living have renewed a 15-year master lease agreement.
Welltower Inc. (NYSE: WELL), a real estate investment trust, and Five Star Senior Living Inc. (NYSE: FSLR), a senior living operator, signed a 15-year master lease agreement, strengthening the relationship between the two companies.
This agreement covers 217 senior living communities, with 28,000 units, across 34 states.
Welltower owns the properties, and Five Star Senior Living operates them. The new agreement includes lease extensions, rent adjustments, and the development of new communities.
The agreement provides Welltower with a stable, long-term revenue stream.
The master lease agreement provides Welltower with a stable, long-term revenue stream as Five Star Senior Living pays rent for the properties. Welltower will also receive a share of the profits from the operation of the communities.
This agreement is a significant development for Welltower as it strengthens relationship with Five Star Senior Living.
Welltower is a leading healthcare REIT, and Five Star Senior Living is a leading provider of senior living services.
The agreement will help Welltower achieve its growth objectives.
This agreement will help Welltower achieve its growth objectives as it provides the company with a steady stream of income and the opportunity to develop new communities with Five Star Senior Living.
The agreement is also a testament to the strong relationship between the two companies.
Welltower and Five Star Senior Living have been working together for many years, and this agreement will further strengthen their relationship.
The agreement is a win-win for both Welltower and Five Star Senior Living.
This agreement is a win-win for both Welltower and Five Star Senior Living.
Welltower gets a stable, long-term revenue stream, while Five Star Senior Living gets access to capital to grow its business.
The agreement is also a positive development for the senior living industry as it provides a model for other companies to follow.