The company was formed in 2019 based on the idea that the wellness of all community members— residents, their families, and Monarch team members—can be enhanced through superior design, technology, and people. This new relationship is focused on developing, re-developing, and managing next-generation integrated independent and assisted living communities. Monarch creates an environment that enables residents to enjoy an empowered, active, and engaged life with a focus on health and wellness for body and mind.
"Monarch is an ideal fit to our long-term vision in senior living," said Shankh Mitra, Welltower's Chief Executive Officer. "Monarch's turnkey business model will create a vertically integrated solution for all aspects of the senior living space—from sourcing opportunities, to design and construction, to operations and long-term ownership. We are excited to be partnering with Michael, Andrew and Ross and supporting their dynamic paradigm for the future of senior living."
"Welltower is the leading platform in senior living with unique capabilities including its best-in-class analytics platform, a true partnership-oriented culture, and long-term capital solutions," said
The partnership is breaking ground this month on its inaugural senior housing development, Monarch Cooper's Corner, located in
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About Welltower
About Monarch Communities
Monarch Communities develops, operates, design-builds (with its affiliate,
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SOURCE
Investor Relations: Krishna Soma, ksoma@welltower.com, (646) 677-8764; Matthew Carrus, mcarrus@welltower.com, (646) 677-8756; Media - Tara Gallagher, tgallagher@welltower.com, (646) 677-8742