Welltower
Owns health care buildings, mostly homes for older people.
📖 Its story
In 1970, Fritz Wolfe and Bruce Thompson started a company in Lima, Ohio, called Health Care Fund. Their idea was to buy buildings for health care and rent them out. It moved to Toledo in 1986, and in 2015 it changed its name to Welltower.
💵 How it makes money
It earns money from the rent on its buildings and from what residents pay to live in its senior homes.
🤯 Fun fact
Before it was called Welltower, it was called Health Care Fund and then Health Care REIT.
👍 The good part
There are more and more older people who need a comfortable, safe place to live.
⚠️ The risk
If the cost of loans or staff goes up, or fewer people live in its senior homes, it earns less.
🧠 Did you get it?
What kind of buildings does Welltower mostly own?
🗂️ Quick facts
- Founded in: 1970
- Founded by: Fritz Wolfe and Bruce Thompson
- Home: Toledo, Ohio
🔎 How to find it on the stock market
- Search the internet for WELL stock.
- You can also find it in your parents' investing app with the letters WELL.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in Welltower. Ask your mom or dad to join the list.
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