Welltower Inc. (NYSE:HCN) entered into a definitive agreement to acquire a portfolio of rental continuing care retirement communities from Sunrise Senior Living, LLC for approximately $370 million on January 2, 2018. The transaction comprises four communities within the Washington D.C., Miami and Charlottesville MSAs. Welltower has closed on one of the communities for $55 million in December, 2017 and the remaining three Communities expected to close in the first quarter of 2018. As of April 26, 2018, Welltower completed the acquisition of two more communities for $217 million in March, 2018 and is expected to close the remaining acquisition of community for $96 million in second quarter of 2018. Welltower will transition the communities to a RIDEA structure to deliver next generation care.