Welltower Drops 46% in Trading Volume Ranking 274th After $900M Acquisition

On June 10, 2025, Welltower (WELL) closed at $0.39, with a trading volume of $357 million, marking a 46.01% decrease from the previous day. This placed Welltower at the 274th position in terms of trading volume for the day.

Welltower Inc. has completed the acquisition of NorthStar Healthcare Income, Inc., a public non-listed real estate investment trust (REIT) that owns a diversified portfolio of senior housing properties. The transaction, which closed on June 9, 2025, was an all-cash deal with an approximate enterprise value of $900 million. This acquisition is part of a broader trend in the healthcare REIT sector towards portfolio diversification and integrated care models, driven by the aging population and its evolving healthcare needs. The deal aims to further diversify the real estate infrastructure needed to scale innovative care delivery models under a single platform.

Ali Connaughton, co-chair of Morrison Foerster’s REIT practice, highlighted that the sale of NorthStar Healthcare to Welltower represents the culmination of NorthStar’s efforts to create value and provide liquidity to its stockholders. The transaction offers cash consideration for shares that exceeds the most recently determined net asset value per share. In volatile markets, non-listed REITs can provide an investment opportunity with a low correlation to listed REITs and other exchange-listed investments, contributing to portfolio diversification and enhanced returns, and potentially offering inflation protection.