Toledo, OH – Welltower Inc. announced the formation of a new relationship with Monarch Communities, a vertically integrated senior living provider. Monarch develops, operates, design-builds (with its affiliate, PROCON) and owns senior living communities.
Monarch is a new brand founded by industry veterans Michael Glynn, Ross Dingman, and Andrew Teeters, who have decades of senior living experience. This new relationship is focused on developing, re-developing, and managing next-generation integrated independent and assisted living communities. Welltower’s investment in Monarch will give Welltower exclusive access to Monarch’s expertise in developing and operating senior living communities in premium micro markets throughout the United States.
The partnership is breaking ground this month on its inaugural senior housing development, Monarch Cooper’s Corner, located in New Rochelle, N.Y. Welltower and Monarch are also working together to reposition several Welltower communities in the Mid-Atlantic and Northeast regions.