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Chinese Partnership to Acquire 75% Stake in Welltower Seniors Care Assets

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A joint venture between China-based Cindat Capital Management Limited and Union Life Insurance has invested $930 million for a 75% interest in a portfolio of seniors housing and skilled nursing properties owned by Welltower, Inc. (NYSE: HCN).

The transaction represents Beijing-based investment management firm Cindat’s first U.S. health care real estate investment. The portfolio includes 11 seniors housing properties master leased to Brookdale…

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