Welltower Inc., a real estate investment trust (REIT) specializing in senior care facilities, completed a like-kind exchange involving the disposition of assisted living facilities valued at $1.2 billion, in addition to the acquisition of medical office buildings also valued at $1.2 billion. Our firm assisted Welltower as special tax counsel.
Each leg of the transaction involved over 30 separate facilities and the exchange resulted in several hundred million dollars’ worth of tax savings for the client.
