Business
Sienna Completes Acquisition in the Greater Toronto Area
This news release constitutes a “designated news release” for the purposes of Sienn...
About this update from Sienna Senior Living Inc.
[{"type":"text","content":"Sienna Completes Acquisition in the Greater Toronto Area\nThis news release constitutes a “designated news release” for the purposes of Sienna’s amended and restated prospectus supplement dated November 14, 2025 to its short form base shelf prospectus dated November 29, 2024. MARKHAM, Ontario, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (\"Sienna\" or the \"Company\") (TSX: SIA) announced today that it has completed its previously disclosed acquisition of a 78.2% interest in LaSalle Park located in Burlington, Ontario, a suburb within the Greater Toronto Area (“GTA”). Built in 2013, the property is 97% occupied and consists of 92 independent living and 31 assisted living units. Sienna has acquired the 78.2% interest in the property for a gross purchase price of approximately $67.2 million with an initial Investment Yield of approximately 5.70%. The Company expects to acquire an additional 10.9% interest in January 2026, and the final 10.9% interest in five years. The acquisition of the 78.2% interest in LaSalle Park was financed through the assumption of approximately $26.7 million in debt, with the remaining balance funded with the Company’s cash on hand. \"This marks Sienna’s third high-quality acquisition in the Greater Toronto Area in 2025, a key market where we already have a significant presence and continue to build scale,\" said Nitin Jain, President and Chief Executive Officer. “With this latest acquisition, we have added over $800 million of assets to our portfolio this year, generating strong growth momentum we expect to carry forward into 2026.” 2025 Acquisitions &DevelopmentsYear BuiltLocationNumber ofBeds/SuitesPurchase Price /DevelopmentCost ($M) (1)InvestmentYield / ExpectedDevelopmentYield (%) (2)   Nicola Lodge / LTC (30%)2016Greater Vancouver Area, British Columbia256$                 26.56.75 Alberta Portfolio / LTC2022/2023Calgary, Edmonton, Medicine Hat, Fort Saskatchewan, Alberta540$               181.66.50 Wildpine / Retirement2019Ottawa, Ontario165$                 48.06.25
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