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Welltower pays $34M for Brookline, Mass., property

Healthcare real estate investment trust Welltower Inc. acquired the 10-acre campus of Newbury College in Brookline, Mass., for $34 million, the Boston Globe reported, citing deeds filed in Norfolk County.

Welltower is eyeing seniors facilities for part of the now-closed campus, the publication added, citing Bernard Greene, chairman of Brookline's Board of Selectmen, noting that the REIT has offered to sell a parking lot and classroom building on the west side of Fisher Avenue to the town.