S&C Advises DigitalBridge in $3.2 Billion Sale of Wellness Infrastructure BusinessMarch 18, 2022
DigitalBridge Group on February 28, 2022 completed the $3.2 billion sale of its Wellness Infrastructure business to an investment group comprised of two leading real estate investment firms, Highgate and Aurora Health Network.
DigitalBridge is a leading global digital infrastructure REIT managing a $45 billion portfolio of digital infrastructure assets. The wellness infrastructure business is comprised of more than 300 senior housing, skilled nursing, medical office and hospital assets across the U.S. and U.K. and also includes DigitalBridge's interest in and management of its sponsored non-traded REIT, NorthStar Healthcare Income.
Highgate is a real estate investment and hospitality management company. Aurora is a healthcare-focused investment firm managing facilities throughout the United States.
The S&C team advising DigitalBridge included Alison Ressler, John Anselmi (Melbourne, Australia), Teal Patterson and Christopher Connelly. Davis Wang and Tessa Lee advised on tax matters. Ari Blaut and Joyce Kwok advised on financing matters. Robert Schlein advised on real estate matters. Matthew Friestedt advised on executive compensation and benefits matters. Eric Diamond advised on regulatory matters. Roderick Gilman advised on insurance matters.