The second quarter of 2021 was one of the best quarters for Welltower from a capital deployment perspective, CEO and Chief Investment Officer Shankh Mitra said, explaining that the real estate investment trust closed on $1.4 billion of gross investments, McKnight’s Senior Living reports.
And the third quarter will likely top the second one, he said on the REIT’s second-quarter earnings call, because he ancitipcates another record quarter of investment activity. Mitra described the investment pipeline as “very strong.”
The REIT anticipates funding approximately $288 million of development in 2021 relating to projects underway on June 30. Read more.
