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Senior housing giant makes one of Los Angeles' biggest multifamily purchases

Welltower acquires luxury complex as investors pursue aging baby boomers
Welltower paid $230 million for The Variel, a 334-unit senior living complex in Woodland Hills that opened in 2022. (CoStar)
Welltower paid $230 million for The Variel, a 334-unit senior living complex in Woodland Hills that opened in 2022. (CoStar)
CoStar News
September 16, 2026 | 9:31 P.M.

Los Angeles' biggest multifamily sale in more than a year underscores investors' growing conviction that an aging population will fuel demand for senior housing.

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