When Welltower announced its Q3:15 earnings, they revealed a host of seniors housing transactions closed in that period, totaling $361 million in investments. The largest purchase was for three seniors housing properties in Colorado (2) and Utah (1), with a combined 461 units. Welltower paid $155 million, or $336,200 per unit, for the properties, which are all managed by the company’s new operating partner, Leasure Care. There is a new master lease with a corporate guarantee, 6.0% initial yield and 3.0% annual escalators. The properties are expected to have a 1.1x stabilized lease coverage ratio after management fee. For the other third quarter acquisitions, prices ranged from $15 million for a 191-bed/unit post-acute care campus in North Cape May, New Jersey to $67 million for three seniors housing properties in Pennsylvania (2) and West Virginia (1) with a total of 387 units. Other operating partners for these transactions include Passage Healthcare, Trilogy Health Services, Symphony Post Acute Network, Sagora Senior Living, Genesis Healthcare and Sunrise Senior Living.