Sienna Senior Living to Acquire Brighton Retirement Residence
MT newswire2026/10/08 20:3404:34 PM EDT, 10/08/2026 (MT Newswires) -- Sienna Senior Living (SIA.TO) after trade Thursday said it agreed to acquire Brighton Retirement & Active Living, a retirement residence in Brighton, Ontario, for CA$73.8 million. The property includes 124 retirement suites, which are about 95% occupied, 41 seniors' apartments that are still being leased up, and five commercial units, according to the statement. On a per suite basis, Sienna is paying CA$447,000 per suite. The deal also includes CA$1.5 million of income support for the apartments and commercial units, plus a potential CA$5-million earnout tied to financial targets. The acquisition is expected to close by year end and will be funded with cash and existing credit facilities, it added. Shares of Sienna Senior Living closed up 0.2% at CA$19.36 on the Toronto Stock Exchange.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Canadian used car dealer UC Automotive (UCAU.RC.US) files for IPO in the US: aims to raise 29 million USD and list on Nasdaq
Canadian used car dealer UC Automotive has applied for a Nasdaq IPO, aiming to raise up to $29 million, with its main focus on the Greater Vancouver market. Kingswood is the sole underwriter.
Swiss Franc weakens as Fed hawkish outlook lifts USD/CHF
Crypto prices
More
