Real estate investment firms Highgate Capital Investments and Aurora Health Network have agreed to buy the Wellness Infrastructure business of DigitalBridge Group Inc. (NYSE: DBRG) in a transaction valued at $3.2 billion.

“We are excited to announce another significant transaction with DigitalBridge,” said Mahmood Khimji, co-founder and managing principal of Highgate. “In partnership with Aurora, we look forward to continuing to operate and effectively steward these high-quality healthcare facilities, serving patients and communities across the United States and the United Kingdom.”

The Wellness Infrastructure business is composed of 300 facilities across senior housing, skilled nursing, medical office buildings and hospitals. Additionally, the Wellness Infrastructure business includes the company’s equity interest in and management of its sponsored non-traded REIT, NorthStar Healthcare Income Inc.

The company currently expects the Wellness Sale to be completed in early 2022.

Barclays served as financial advisor to DigitalBridge in connection with the transaction and Willkie Farr & Gallagher LLP served as legal counsel. Deutsche Bank Securities Inc. served as financial advisor to Highgate and Aurora and Latham & Watkins LLP served as legal counsel.