Welltower fetches $57M in medical ground lease sales to Endeavor Health

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Welltower, a publicly traded medical property specialist, sold two ground leases in suburban Chicago to Endeavor Health for a combined $57 million. Endeavor Health, which already operates hospitals and medical offices on these sites, bought the leases as it undertakes a $100 million modernization project at Endeavor Health Elmhurst Hospital. This transaction reflects Welltower’s strategic shift towards senior living communities, while the Chicago medical real estate market continues to see robust activity.

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