Sonida Senior Living Acquires Eight Southeast Communities and Signs to Buy Two Atlanta Communities
October 3, 2024
Sonida Senior Living, Inc. (NYSE: SNDA) completed the previously announced purchase of an eight-asset senior housing portfolio in the Southeast for $102.9 million and signed a purchase agreement to acquire two additional senior living communities in Atlanta for $29.0 million. The transactions add 733 units to Sonida's operating portfolio, further densify its presence in attractive Southeast markets, and are being funded with cash on hand and capacity from an expanded $150 million senior secured revolving credit facility.
- Buyers
- Sonida Senior Living, Inc.
- Targets
- Eight-asset senior housing portfolio (northern Florida & South Carolina), Two senior living communities (Atlanta, Georgia)
- Industry
- Healthcare Services
- Location
- United States
- Transaction Type
- Buyout
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