MARANA, AZ (September 19, 2025) – Welltower Inc. (NYSE: WELL), one of the nation’s largest healthcare real estate investment trusts, has acquired Cogir at Continental Ranch, a premier Class A assisted living and memory care community located at 8689 N Silverbell Road in Marana, Arizona. The $22,247,103 ($205,991 per unit) acquisition was completed as part of a portfolio transaction.
Built in 2018, as a Watermark Community, the two-story spans 108 units licensed for 118 beds across 101,782 square feet. The property is situated on 3.99 acres along Silverbell Road and Continental Reserve Loop in one of Marana’s fastest-growing corridors. Residences include studio, one-bedroom, and two-bedroom layouts, complemented by a full suite of amenities such as a commercial kitchen and dining hall, fitness center, salon, theater, landscaped courtyards, and specialized memory care wings.
The seller, Kayne Anderson Real Estate of Boca Raton, Florida, developed the project in partnership with Watermark Senior Living and held the property until this transaction.
The acquisition underscores the continued appeal of Southern Arizona’s senior housing sector to national institutional investors. Strong demographics, reliable cash flow, and stable occupancy trends are driving capital inflows into the region. With Welltower’s acquisition and rebranding as Cogir at Continental Ranch, the community is positioned to serve a rapidly growing senior population while benefiting from the scale and operating expertise of Welltower’s extensive national portfolio.
The buyer was 8689 N Silverbell Rd Propco LLC c/o Welltower Inc. (Toledo, OH) and the seller, Marana Property Owner c/o Kayne Anderson Real Estate (Boca Raton, FL) / Watermark Senior Housing JV OPCO LLC – Kayne Anderson Real Estate
Welltower Inc., a leading healthcare real estate investment trust driving the transformation of healthcare infrastructure. The company invests in seniors housing, post-acute communities, and outpatient medical properties in major, high-growth markets in the U.S., Canada, and the U.K.
Source: RED Comp #12060