Chartwell Retirement Residences Announces Wind-up of its Joint Venture with Welltower Inc.

MISSISSAUGA, ON, Nov. 9, 2023 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today that it has entered into an agreement to wind-up its existing joint venture (the "JV") with Welltower Inc. ("Welltower").  Details of the announcement can be found on Chartwell's website at:

https://investors.chartwell.com/november2023-transaction-with-welltower 

Chartwell is in the business of serving and caring for Canada's seniors, committed to its vision of Making People's Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents.  Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long term care.  Chartwell is the largest operator in Canada, serving over 25,000 residents in four provinces across the country. For more information, visit www.chartwell.com.

For more information, please contact:

Chartwell Retirement Residences
Vlad Volodarski
Chief Executive Officer
Tel: (905) 501-4709
email: [email protected]

SOURCE Chartwell Retirement Residences