Welltower — full event log
Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.
← back to Data by year2025· 1 event
In January 2025, Welltower announced the formation of a private funds management business and launched its first seniors housing investment fund with intent to invest up to $2 billion. Welltower will serve as General Partner and Asset Manager.
sustainability_report p.104
2024· 8 events
Welltower notched a record $6 billion of acquisitions during 2024 at a 30%+ discount to replacement cost. Total acquisitions of 251 properties for $5.7B at 7.5% capitalization rate.
sustainability_report p.3
In February 2024, Welltower entered a definitive agreement to acquire 25 Seniors Housing Operating properties under the Affinity brand. Closed on 22 properties for $807.95M during 2024 with remaining 3 expected to close Q1 2025.
sustainability_report p.115
Welltower acquired the remaining 75% beneficial interest in an existing equity method JV that owned 39 triple-net leased properties for $205M cash, recognizing a $182.6M gain on acquisition of controlling interests.
sustainability_report p.115
In April 2024, Welltower closed the Canadian portion of the Revera JV dissolution, acquiring remaining interests in 71 properties (previously 75% owned) in exchange for disposing interests in 14 properties. Recognized $137.6M gain on real estate dispositions.
sustainability_report p.118
Welltower states its goal is prudent environmental stewardship with focus on reducing greenhouse gas emissions, energy consumption, water usage and waste production, mitigating climate-related risks, and implementing energy efficiency, water efficiency and renewable energy technologies. No specific net-zero year or quantitative reduction target disclosed in this 10-K.
sustainability_report p.25
Welltower received credit rating upgrades early in 2025 to A- from S&P and A3 from Moody's, following 1.5x deleveraging of the balance sheet. Net debt to Adjusted EBITDA improved from 5.5x to 3.8x year over year.
sustainability_report p.3
During 2024, Welltower transitioned 89 Atria Senior Living properties to six existing operating partners. Recognized $26M within other expenses in excess of accruals from termination of property management agreements.
sustainability_report p.104
On October 1, 2024, Welltower acquired all shares of Care UK Holdings, Care UK Midco and Care UK Community Partnerships. Care UK operates 136 seniors housing properties in the UK. Total consideration was $842.6M net of cash acquired. Accounted for as a business combination, generating $87.2M in goodwill.
sustainability_report p.114
2023· 3 events
Recognized by U.S. EPA and Department of Energy as ENERGY STAR Partner of the Year for the fifth consecutive year and maintained Sustained Excellence (EPA's highest recognition) for the third consecutive year. Improved GRESB score and maintained GRESB Green Star status for the third consecutive year. Achieved MSCI ESG rating of AA.
sustainability_report p.25
During 2023, entered into definitive agreements to dissolve existing Revera joint venture relationships across U.S., U.K. and Canada. Acquired remaining interests in 110 properties from Revera while selling interest in 31 properties to Revera. Operations transitioned to new operators including Avery Healthcare and Oakmont Management Group.
sustainability_report p.72
In 2023, deployed $6 billion of capital (a record level) on assets with expected unlevered IRRs in high-single to low-double digits. Completed over 50 separate transactions with median check size of $54 million, adding nearly 10,000 units to portfolio (approximately 10% of asset base).
sustainability_report p.9
2022· 20 events
Welltower obtained limited assurance per ISO 14064-3 / ISAE 3000/3410 covering 100% of Scope 1, Scope 2 (location and market-based), and Scope 3 categories (waste, business travel, employee commuting, downstream leased assets).
sustainability_report p.79
In July 2022, Welltower committed to reduce Scope 1 and Scope 2 GHG emissions 28% by 2030 from a 2019 base year, and to measure and reduce its Scope 3 emissions. Target approved by Science Based Targets initiative under SME streamlined route.
sustainability_report p.32
Data was collected from 73% of properties for purchased goods and services emissions; emissions increased year over year due to a significant increase of 33% in reported data from value chain.
sustainability_report p.61
Overall scope 1 and 2 market-based emissions increased by 106,436.50 MtCO2e from 500,482.59 in 2021 to 606,919 in 2022. Increase attributed in part to 2022 acquisitions (organic growth, +26,235 tCO2e) and 100,047 tCO2e unidentified.
sustainability_report p.70
Welltower utilized Moody's Climate on Demand to perform portfolio-wide climate scenario analysis using RCP 8.5, with results shared with the Risk Committee and Board.
sustainability_report p.13
LRQA assurance covered Scope 3 categories: Business travel (Air), Employee commuting, Waste generated in operations and Downstream leased assets, indicating expanded Scope 3 coverage.
sustainability_report p.62
Welltower set a science-based target approved by SBTi to reduce absolute Scope 1 and 2 GHG emissions 28% by 2030 over a 2019 baseline, in line with well-below 2°C scenario.
sustainability_report p.12
Welltower achieved its original Scope 1 & 2 emissions intensity reduction goal (10% by 2025 over 2018 baseline) two years ahead of schedule, reaching 12.2% reduction.
sustainability_report p.17
Welltower issued its second green bond of $550 million in 2022, bringing total green bond issuances to $1.05B, with proceeds funding energy efficiency, water efficiency and eligible green building projects.
sustainability_report p.4
Cross-functional ESG Steering Committee led by CEO formed in 2022 to oversee ESG matters including climate-related risks, with regular touchpoints with Board, CEO and CFO.
sustainability_report p.4
On April 1, 2022, Welltower completed a reorganization under Section 368(a)(1)(F) where the prior Welltower Inc. became Welltower OP Inc. (later converted to Welltower OP LLC), and the parent became the new Welltower Inc. Substantially all business now conducted through Welltower OP LLC.
sustainability_report p.52
On April 1, 2022, completed UPREIT reorganization. Old Welltower became a wholly-owned subsidiary (Welltower OP Inc., later converted to Welltower OP LLC) of New Welltower. All debt is incurred by Welltower OP and guaranteed by Welltower Inc.
sustainability_report p.21
In 2022 to date, Welltower launched a portfolio-wide climate change scenario analysis using Moody's ESG Solutions Physical Climate Risk Application aligned with TCFD.
sustainability_report p.10
In 2022, Welltower set a science-based target approved by the Science Based Targets initiative to reduce absolute Scope 1 and 2 GHG emissions 28% by 2030 over a 2019 baseline, aligned with the well-below 2°C scenario.
sustainability_report p.15
Welltower achieved its original 10% Scope 1 & 2 emissions intensity reduction goal (vs 2018 baseline) two years ahead of schedule, reaching 12.2% reduction in 2022.
sustainability_report p.17
Welltower conducted a portfolio-wide Climate Change Scenario Analysis using Moody's RMS Climate on Demand to assess physical and transitional climate risks across heat stress, water stress, wildfire, flood, hurricanes and typhoons.
sustainability_report p.41
LRQA provided limited level of independent assurance over Scope 1, 2, and select Scope 3 (categories 5, 6, 7, 13) GHG emissions, energy, water, waste, workforce diversity and safety metrics for CY2022, in accordance with ISO 14064-3, ISAE 3000 and ISAE 3410.
sustainability_report p.62
Welltower uses the financial control approach; triple-net SHO properties are excluded from financial boundary and reported in Scope 3 (downstream leased assets). Direct fugitive emissions from refrigerants excluded as immaterial.
sustainability_report p.48
Welltower issued a $550 million green bond in 2022, bringing total green bond issuance to $1.05B, with proceeds funding energy efficiency, water efficiency and eligible green building projects.
sustainability_report p.4
LRQA provided independent limited assurance of Welltower's CY2022 GHG inventory (Scope 1, 2, and selected Scope 3 categories) and sustainability data per ISO 14064-3, ISAE 3000/3410.
sustainability_report p.62
2021· 5 events
Absolute Scope 1 and Scope 2 emissions increased year-over-year despite intensity reduction. Report notes 'Absolute data was expected to increase due to significant portfolio growth year over year.' Scope 1 grew from 126,656 to 147,308 tCO2e.
sustainability_report p.16
On July 30, 2021, acquired 85 seniors housing properties owned by Holiday Retirement for $1,576,600,000. Atria Senior Living assumed operations.
sustainability_report p.111
In March 2021, entered into definitive agreements to substantially exit operating relationship with Genesis Healthcare. Transitioned 51 properties to other operators. As of December 31, 2023, Genesis relationship comprised one property and a 25% stake in JV with 28 properties.
sustainability_report p.23
LRQA provided independent limited assurance on GHG emissions (Scope 1, 2, limited Scope 3) and sustainability data including water, waste, workforce diversity and safety metrics for CY2021.
sustainability_report p.62
In 2021, data coverage increased by over 180 properties for a total of 741 properties (40% of portfolio benchmarked). Waste data coverage increased from 7% in 2020 to 20% in 2021.
sustainability_report p.12
2020· 5 events
Lloyd's Register Quality Assurance provided independent limited assurance over Scope 1, 2, and 3 GHG emissions and sustainability data for CY2020 against ISO 14064-3 and the WRI/WBCSD GHG Protocol.
sustainability_report p.57
Welltower has a goal to reduce greenhouse gas emissions, energy, and water usage 10% by 2025 over a 2018 baseline.
sustainability_report p.11
In 2020 Welltower increased data coverage across its portfolio with an evolved, comprehensive dataset, working with senior housing operators and MOB teams. Note that the report shows 2019 Scope 2 location-based emissions of 369,212 tCO2e and 2018 of 310,589, suggesting updated data coverage drove the year-over-year change.
sustainability_report p.15
In 2020, Welltower expanded ESG goals to extend to executive leadership team performance and increased ESG team staffing through addition of a full-time ESG Analyst.
sustainability_report p.10
COVID-19 caused enormous disruption globally, affected occupancy rates, operations, and required PPE distribution and operational changes. Welltower received CARES Act Provider Relief Fund support.
sustainability_report p.2
2019· 3 events
Welltower set short-term environmental goals: 10% reduction in greenhouse gas emissions, energy and water usage intensity by 2025 over a 2018 baseline. Goals were established in 2019.
sustainability_report p.11
In December 2019, issued inaugural green bond of $500M of 2.700% senior unsecured notes due 2027. In March 2022 issued additional $550M green bond of 3.85% notes due 2032. Net proceeds used to fund energy efficiency, water conservation and green building projects. As of September 30, 2023, all proceeds have been utilized.
sustainability_report p.26
Welltower set a 10% reduction target for energy, GHG emissions and water intensity by 2025 over a 2018 baseline. Target was achieved by end of 2022 with 12.2% intensity reduction.
sustainability_report p.47