Senior Housing News July 2, 2024
Sonida Senior Living (NYSE: SNDA) has announced the addition of eight new senior living communities as part of two joint-venture agreements.
The Dallas-based senior living operator on Tuesday said the communities were added in May and July. All told, the company is adding 790 units of independent, assisted living and memory care units.
The JVs bring the company’s portfolio count to 70 communities across the U.S., and represent the latest move in “a comprehensive strategy to judiciously grow Sonida’s portfolio through creative deal structuring, expand its best-in-class operating platform and ultimately achieve attractive returns upon asset stabilization,” according to President and CEO Brandon Ribar.
“The acquired assets consist of exceptional private-pay communities, with newer vintage construction and/or material renovations within...
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