Welltower Acquires 195-Unit Novelle Senior Living Community for $99.6MM in San Jose

Welltower closed an all-cash, $99.6 million purchase of the newly built Novelle Senior Living community in San Jose's Willow Glen neighborhood, a deal pricing the 195-unit property at roughly $511,000 per unit as institutional buyers race back into a supply-constrained seniors housing sector. Welltower has paid $99.6 million in an all-cash deal for a recently […]