Sonida Senior Living, Inc. (“Sonida” or the “Company”) (NYSE: SNDA), one of the largest, pure-play owner-operators and investors in U.S. senior living communities, announces the completion of its previously announced merger with CNL Healthcare Properties, Inc. (“CHP”), a public non-traded real estate investment trust (“REIT”) that owns a national portfolio of high-quality senior housing properties, with Sonida having acquired 100% of CHP in a cash and stock transaction valued at approximately $1.8 billion. Sonida now owns a combined portfolio of 153 high-quality independent living, assisted living and memory care senior living communities creating the eighth largest owner of U.S. senior living assets with ~14,700 owned units.
Read the full article: Sonida Senior Living Completes $1.8B Strategic Merger with CNL Healthcare Properties, Inc. //
Source: https://www.businesswire.com/news/home/20260311711379/en/Sonida-Senior-Living-Completes-%241.8-Billion-Strategic-Merger-with-CNL-Healthcare-Properties-Inc.