On November 9, 2023, Chartwell Retirement Residences announced a reconfiguration of their joint venture with Welltower Inc., exchanging interests in various properties and a cash transaction of $97.2 million. Chartwell will acquire complete ownership of 16 assets and relinquish 23 properties to Welltower. This strategic adjustment aligns with their growth focus, enhancing Chartwell’s financial flexibility and asset management.