Business
Chiron Real Estate Inc. Enters into Agreements to Acquire $425 Million of SHOP Communities
BETHESDA, Md., May 06, 2026--Chiron Real Estate Inc. (NYSE: XRN) (the "Company" or "Chiron"), today announced that it has entered into purchase agreements relating to the acquisition of three seniors housing communities from affiliates of Silverstone Senior Living ("Silverstone") for an aggregate purchase price of $425 million. Silverstone will continue to play an active oversight role in the operations of the communities, and Greystone will continue to manage the properties.
About this update from Chiron Real Estate Inc.
[{"type":"text","content":"–Inaugural Senior Housing Investments Marks Milestone in Company Growth Plan–","length":77,"tagName":"p","attribs":{}},{"type":"text","content":"–Luxury Communities Located in Premium Submarkets Targeting Affluent Residents–","length":79,"tagName":"p","attribs":{}},{"type":"text","content":"BETHESDA, Md., May 06, 2026--(BUSINESS WIRE)--Chiron Real Estate Inc. (NYSE: XRN) (the "Company" or "Chiron"), today announced that it has entered into purchase agreements relating to the acquisition of three seniors housing communities from affiliates of Silverstone Senior Living ("Silverstone") for an aggregate purchase price of $425 million. Silverstone will continue to play an active oversight role in the operations of the communities, and Greystone will continue to manage the properties.","length":527,"tagName":"p"},{"type":"text","content":""These acquisitions represent Chiron’s initial entry into seniors housing and advance our strategy of investing in high-quality communities in supply-constrained markets," said Mark Decker, Jr., Chief Executive Officer of Chiron Real Estate Inc. "We believe this is an attractive time to enter the sector given the favorable long-term demand outlook and limited new supply. Each of our acquisition communities are newly constructed and we believe they are well positioned for long-term success given their superior quality and location. We look forward to partnering with Silverstone and Greystone to drive resident experience and operational performance."","length":676,"tagName":"p"},{"type":"text","content":"The Landing & The Riviera","length":29,"tagName":"p"},{"type":"text","content":"On May 1, 2026, the Company entered into purchase agreements to acquire two seniors housing communities in Alexandria, Virginia: The Landing Alexandria (the "Landing") and The Riviera at Alexandria (the "Riviera") for an aggregate purchase price of $249 million. Chiron expects to operate each community as a seniors housing operating property ("SHOP") and to engage an affiliate of Greystone as a third-party manager to manage day-to-day operations. The closings are expected to occur on or about June 1, 2026, subject to customary closing conditions.","length":582,"tagName":"p"},{"type":"text","content":"The Landing, which opened in April 2022, ...