Sienna Senior Living Completes Acquisition in Greater Toronto Area

Core Insights - Sienna Senior Living Inc. has completed the acquisition of Cawthra Gardens, a 192-bed Class A long-term care home in Mississauga, Ontario, for a total price of $32.6 million, which includes a $2.0 million capital allowance for future improvements [1][2] Financial Performance - The acquisition was made at a capitalization rate of 6.75% and is expected to be immediately accretive to the Company's AFFO per share [2] - To date in 2025, Sienna has made over $430 million in acquisitions across various care types, along with $220 million in completed development projects, reflecting the company's growth strategy [3] Company Overview - Sienna Senior Living Inc. provides a comprehensive range of senior living options, including independent living, assisted living, memory care, long-term care, and specialized services, employing approximately 14,500 staff dedicated to enhancing the quality of life for seniors [4]