Welltower and Hines are doubling down on their bet on luxury housing for seniors in Manhattan. The pair bought an Upper West Side development site for $61 million, where they plan to build their second luxury assisted-living tower for seniors in New York. Welltower, the largest senior-housing real estate investment trust, and Hines this week bought two properties at 2330 Broadway at the corner of West 85th Street, Bloomberg reported. A third, undisclosed investor has […]
source https://therealdeal.com/2018/11/09/welltower-and-hines-are-planning-more-luxury-housing-for-seniors-in-manhattan/
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