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Owners of Regency Retirement Resorts complete portfolio sale of independent-living retirement residences in Okanagan

Date Closed

January 11, 2022

Lead Office



600.00 Million CAD

On January 11, 2022, the owners of Regency Retirement Resorts completed the sale of their portfolio of nine independent-living retirement residences located in the Okanagan region of British Columbia, Canada. The transaction was initiated by a robust auction process and culminated in an asset sale to an affiliate of NYSE-listed Welltower Inc. for approximately C$600 million.

Regency Retirement Resorts is a portfolio of active lifestyle retirement homes in the Okanagan region of British Columbia.

Welltower Inc. is a U.S.-based real estate investment trust that invests in seniors housing and other healthcare infrastructure.

McCarthy Tétrault LLP advised the owners of Regency Retirement Resorts with a team led by Sven Milelli that included Gerald Gaunt, Prateek Gupta, Jordan Chu and Rachael Carlson (Business); Craig Shirreff and John Currie (Real Estate); Kate McNeece and Erin Keogh (Competition); Donovan Plomp, Lauren Soubolsky and Abby Nann (Labour and Employment); Vincent Yip (Intellectual Property); Brett Anderson, Matt Kraemer, Randy Schwartz and Kassandra Grenier (Tax); Selina Lee-Andersen (Environmental); Jade Buchanan (Privacy); Deron Waldock (Pensions/Benefits).