Retirement housing firm Quantum Group has agreed to a strategic development partnership with US real estate investment trust (REIT) Welltower.

The deal gives Welltower the exclusive option to acquire 拢250m (鈧�284m) of Quantum鈥檚 development assets, which will be operated by Quantum鈥檚 subsidiary Encore Care Homes.

Welltower has already acquired an asset, a 60-bed, private-pay-focused care home located on the south coast of England, through a 拢13m sale and leaseback.

JLL advised the partnership and managed the first sale.

Jason Myers of Welltower said: 鈥淲ith JLL鈥檚 support, we were able to establish a partnership with Quantum that will yield strategic benefits to both businesses for years to come.鈥�

Julian Shaffer, managing director of Quantum, said: 鈥淭he partnership perfectly aligns our organisations鈥� belief that by placing customer needs at the heart of our businesses, we can create life-affirming places to take care of the generations which hitherto cared for us, whilst delivering long-term economic value and growth.鈥�

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