The $1.8 billion acquisition announced last week by Sonida Senior Living will more than double the number of units it controls, and Sonida has more portfolio changes in mind for its future, President and CEO Brandon Ribar said on the company’s third-quarter earnings call. The CHP communities, which he described as “high-quality real estate located in strong growth markets,” will increase Sonida’s earning power and create “additional flexibility for portfolio optimization as we look to recycle out of select lower-growth assets into higher-return acquisitions,” the CEO said.
Read the full article: Sonida Senior Living Plans Future Acquisitions Once $1.8B Deal Closes //
Source: https://www.mcknightsseniorliving.com/news/sonida-senior-living-plans-future-acquisitions-once-1-8-billion-deal-closes/