March 2 (Reuters) - Real estate income trust Welltower ( WELL )

said on Sunday it will acquire the Canada-based senior

living company Amica Senior Lifestyles' portfolio from the

Ontario Teachers' Pension Plan for C$4.6 billion ($3.18

billion).

As part of the deal, Welltower ( WELL ) said it will assume C$560

million in Canada Mortgage and Housing Corp insured debt.

The portfolio from Amica consists of 38 luxury seniors

housing communities, 9 entitled development parcels, including a

31-property in-place portfolio, Welltower ( WELL ) said.

Welltower ( WELL ) expects the deal to close in the fourth quarter of

2025.

In 2015, Ontario Teachers through its BayBridge unit took

Amica Mature Lifestyles private for C$578 million and merged it

with its seniors-housing subsidiary to create Amica Senior

Lifestyles.

Toronto-based Ontario Teachers' is one of the largest

pension plans in the world, with about $256 billion of assets

under management.

($1 = 1.4448 Canadian dollars)