Less than one week ago, Sonida Senior Living (NYSE: SNDA) announced a merger with CNL Healthcare Properties. The deal will serve as an “inflection point” to new growth, according to the company’s leaders. Sonida is under a $1.8 billion deal upsizing its senior living portfolio to 153 owned independent living, assisted living and memory care […]
Sonida Senior Living (NYSE: SNDA) is planning a merger with CNL Healthcare Properties in a $1.8 billion deal, creating the eighth largest owner of senior living assets by unit count. With the closing of the deal, Sonida will have a combined portfolio of 153 owned independent living, assisted living and memory care communities. Post-closing, the […]
Senior living operators are in 2025 hungry for new investments, but some traditional lending and capital sources have run dry, at least for now. A new crop of investors is stepping up to fill the gap. Take Chicago-based Citrine Investment Group for example. After closing on its first senior living transaction in 2023, the company […]
Transactions Sonida purchases Dallas community for $15.6M Sonida Senior Living has closed on a Dallas-Fort Worth senior living community for $15.6 million. According to a press release, the purchasing price was “a significant discount to replacement cost.” The transaction was funded with cash on hand. The acquisition brings Sonida’s Texas portfolio up to 21, with […]
Sonida Senior Living (NYSE: SNDA) is responding to an increased number of move-outs due to rising resident acuity by boosting operations while improving sales, marketing and training efforts. “Our whole thesis is to continue to invest in really strong talent that will stay with us, so that we don’t need to add additional [full-time employees] […]
In the Pipeline is part of your SHN+ subscription In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Construction: In Progress Active Senior Concepts starts construction in Georgia Development firm Active Senior Concepts […]
As senior living operators continue to grow by taking on distressed properties, demand is growing for operational excellence teams. Recently referred to as “SWAT” teams, operators assemble these groups to cover a variety of roles within community leadership or sales and marketing as needed. Some turnaround-focused operators, such as Dallas, Texas-based 12 Oaks Senior Living, […]
This story is part of your SHN+ subscription The senior living industry is awash in a “perfect storm” of low new supply, high demand, strong rent growth and continued occupancy gains. Those conditions could unlock billions of dollars of capital on the sidelines for new transactions this year. While macroeconomic turbulence in the form of […]
Transactions Sonida closes two acquisitions Sonida Senior Living announced the closing of its two latest acquisitions in the Atlanta and Tampa submarkets. On June 1, Sonida finalized the acquisition of an upscale and amenitized asset in the Atlanta metro for $11 million, according to a press release. The company now has four assets in the […]
This story is part of your SHN+ subscription There is plenty of demand ahead for senior living operators in 2025 and beyond, but that doesn’t mean companies are rushing to expand just for growth’s sake. Even as demand swells and average senior living occupancy rises, operators must slow down and take a more thoughtful approach […]
