Core Insights - Newmark Group, Inc. has acted as the real estate advisor for Sonida Senior Living, Inc. in a definitive agreement to acquire CNL Healthcare Properties, Inc. for approximately $1.8 billion, creating the eighth largest owner of senior living assets in the U.S. with a portfolio of 153 communities totaling around 14,700 units [1][4] Company Overview - The combined entity is expected to have an enterprise value of approximately $3.0 billion and an equity market capitalization of $1.4 billion upon closing [3] - The merger is projected to be immediately accretive to Normalized Funds From Operations (FFO), with expectations of substantial operating and structural synergies, enhanced liquidity, and deleveraging [3] Market Trends - Investor interest in the seniors housing sector is increasing, with transaction activity reaching $13 billion through September 2025, marking a 67% increase compared to the same period last year [5]

Core Points - Class Action Attorney Juan Monteverde's firm, Monteverde & Associates PC, has successfully recovered millions for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report [1] - The firm is currently investigating Sonida Senior Living, Inc. (NYSE: SNDA) regarding its merger with CNL Healthcare Properties, Inc., which would result in Sonida's existing shareholders owning between 39.5% to 50.0% of the new company's diluted common stock equity [1] Company Overview - Monteverde & Associates PC is headquartered in the Empire State Building, New York City, and is a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court [2] - The firm emphasizes that not all law firms are equal and encourages potential clients to inquire about their past recoveries and case successes [2][4]

Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the merger between Sonida Senior Living, Inc. and CNL Healthcare Properties, Inc. for Sonida shareholders [1] Company Summary - Upon completion of the proposed merger, Sonida existing shareholders' ownership in the newly combined company would range from 39.5% to 50.0% of the diluted common equity [1]

Core Viewpoint - Sonida Senior Living is conducting a strategic merger, with important filings to be made with the SEC regarding the proposed transaction [3]. Group 1 - The conference call is focused on the strategic merger of Sonida Senior Living, with forward-looking statements being made [1]. - The company emphasizes that actual results may differ materially from these forward-looking statements due to various factors [2]. - Important SEC filings will include a registration statement on Form S-4 and a joint proxy statement prospectus related to the proposed transaction [3].

Summary of Sonida Senior Living (NYSE:SNDA) Conference Call Company Overview - **Company**: Sonida Senior Living (NYSE:SNDA) - **Industry**: Senior Living and Healthcare Real Estate Investment Trusts (REITs) Key Points from the Conference Call Merger Announcement - Sonida announced a definitive merger agreement with C and L Healthcare Properties Incorporated (CHP), a public non-traded senior housing REIT owning 69 senior housing communities [5][6] - The merger positions Sonida as a premier pure play senior living owner-operator in the public market, benefiting both Sonida and CHP shareholders [5] Transaction Details - The purchase price is set at $6.9 per share of CHP common stock, consisting of $2.32 in cash and $4.58 in newly issued Sonida stock [6] - The total transaction value is $1.8 billion, funded by $900 million in committed debt financing, $110 million in fresh common equity from existing shareholders, and $800 million in Sonida common stock issued to CHP shareholders [6][8] - The transaction is expected to close late in Q1 or early Q2 of 2026, subject to customary closing conditions [6] Financial Impact - The merger is projected to be 28% to 62% accretive to normalized Funds From Operations (FFO) per share, driven by $16 million to $20 million of initial run-rate General and Administrative (G&A) synergies [9] - The transaction will initially reduce Sonida's leverage by 1.25 turns, with a target of approximately six times leverage in the medium term [8][11] - Sonida's equity market capitalization will increase from $500 million to $1.4 billion, enhancing trading liquidity and access to capital [9][10] Portfolio Quality and Growth Potential - The CHP portfolio consists of high-quality assets in attractive markets, with significant capital investments exceeding $80 million over the past five years [8][33] - Both portfolios have occupancy rates in the mid to high 80s, with strong rate growth expected [20][21] - The merger will allow Sonida to leverage its operating platform for continued operational improvements and efficiencies [7][9] Strategic Rationale - The merger is seen as an opportunity to add high-quality real estate with long-term growth characteristics at a favorable price [25] - The transaction aligns with Sonida's strategy of regional densification, minimizing transition risks and creating synergy opportunities [9][10] - The integration of CHP's assets is expected to enhance the overall quality of Sonida's portfolio and improve resident care [14][33] Management and Integration Plans - Sonida plans to internalize a number of CHP communities in 2026 while maintaining relationships with existing managers to minimize disruption [21][22] - The management team has a proven track record of integrating assets and driving occupancy gains and margin improvements [12][13] Future Outlook - The management team is optimistic about the transaction's potential to deliver accretive growth for Sonida shareholders [15] - The call concluded with an invitation for further discussions during the upcoming earnings call [41] Additional Important Points - The merger provides investors with public market access to a senior living company with full operational control and no operating leases [10] - The transaction is expected to create a powerful and differentiated senior living platform, enhancing Sonida's competitive position in the market [15]

November 5, 2025 Disclaimer Sonida and CNL Healthcare Properties A Compelling Combination Important Information and Where to Find It • This presentation relates to a proposed transaction involving the Sonida Senior Living, Inc. ("Sonida") and CNL Healthcare Properties, Inc. ("CHP"). In connection with the proposed transaction, Sonida and CHP will each file relevant materials with the SEC, including a registration statement on Form S-4 to register the shares of Sonida common stock to be issued to the CHP sto ...

Exclusive: Sonida Senior Living is in advanced talks to acquire a smaller rival in a $1.8 billion dollar deal that would create one of the country’s largest senior housing companies https://t.co/p373G1NfdS ...

Core Points - Sonida Senior Living, Inc. will release its third quarter 2025 earnings results before the market opens on November 10, 2025 [1] - A conference call and webcast will be held at 11:00 a.m. Eastern Time to discuss financial performance and operating results [1]

Core Viewpoint - Sonida Senior Living, Inc. has successfully closed its latest acquisition, continuing its inorganic growth strategy aimed at expanding and upgrading its portfolio to enhance operational scale and efficiencies [1] Company Strategy - The company is focused on executing a disciplined inorganic growth strategy, which includes thoughtful investments to expand and densify its senior living communities [1]

Core Viewpoint - Sonida Senior Living (SNDA) reported a quarterly loss of $0.16 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.78, indicating a positive earnings surprise of +79.49% [1] Financial Performance - The company posted revenues of $82.98 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.31% and showing an increase from $70.21 million in the same quarter last year [2] - Over the last four quarters, Sonida Senior Living has exceeded consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Sonida Senior Living shares have increased by approximately 5.6% since the beginning of the year, while the S&P 500 has gained 8.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.76 on revenues of $85.06 million, and for the current fiscal year, it is -$3.06 on revenues of $333.9 million [7] - The trend of earnings estimate revisions for Sonida Senior Living was mixed ahead of the earnings release, which could change following the recent report [6] Industry Context - The Medical Services industry, to which Sonida Senior Living belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]