Welltower sells Hinsdale nursing home to Pearl Healthcare.
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Welltower sells Hinsdale nursing home to Pearl Healthcare. Published on May 14, 2026 Welltower is trimming its Chicago-area footprint again, this time cashing out of a Hinsdale nursing home in a deal that keeps operations in local hands. The health-care REIT sold the facility at 600 W. Ogden Ave. to Pearl Healthcare for roughly $21.5 million, according to public records. Pearl, which already brands the site as The Pearl of Hinsdale, will continue running the post-acute facility, adding another suburban sale to an already brisk medical real-estate market. Sale specifics and chain of ownership. As reported by The Real Deal, Toledo-based Welltower sold the property for $21.5 million after first acquiring the site in 2008. Property-tax records cited in that report show the REIT paid about $27 million for ManorCare's ownership interest as part of a 2018 transaction with ProMedica. Representatives for both companies did not immediately respond to requests for comment, leaving investors to read the tea leaves from filings instead. Part of a wider disposition push. In an April investor release, Welltower said it completed $2.8 billion of pro-rata dispositions and loan repayments in the first quarter, including $524 million of long-term and post-acute care properties. Management has framed the sales as a capital-recycling play, freeing up cash to chase what it sees as...
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