Business
Sonida Senior Living Completes $1.8 Billion Strategic Merger with CNL Healthcare Properties, Inc.
DALLAS, March 11, 2026--Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE: SNDA), one of the largest, pure-play owner-operators and investors in U.S. senior living communities, today announced the completion of its previously announced merger with CNL Healthcare Properties, Inc. ("CHP"), a public non-traded real estate investment trust ("REIT") that owns a national portfolio of high-quality senior housing properties, with Sonida having acquired 100% of CHP in a cash and stock transact
About this update from Sonida Senior Living, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/8b625b85148d86b654cfb71738c1d6b8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/sKbfI3tNA4h3yYPdD59iXw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTk2MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/8b625b85148d86b654cfb71738c1d6b8","width":480,"height":480}},"lazy":false},{"type":"text","content":"Creates $3.3 Billion Pure-Play Senior Housing Owner-Operator and Eighth Largest Owner of U.S. Senior Living Assets1","length":115,"tagName":"p","attribs":{}},{"type":"text","content":"Estimated Normalized FFO Per Share Accretion of 62% on a Run-Rate Basis with Substantial Near-Term and Future Synergies","length":119,"tagName":"p","attribs":{}},{"type":"text","content":"Strengthens Balance Sheet Through Immediate Deleveraging and Significantly Deepened Access to Capital","length":101,"tagName":"p","attribs":{}},{"type":"text","content":"DALLAS, March 11, 2026--(BUSINESS WIRE)--Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE: SNDA), one of the largest, pure-play owner-operators and investors in U.S. senior living communities, today announced the completion of its previously announced merger with CNL Healthcare Properties, Inc. ("CHP"), a public non-traded real estate investment trust ("REIT") that owns a national portfolio of high-quality senior housing properties, with Sonida having acquired 100% of CHP in a cash and stock transaction valued at approximately $1.8 billion. The common stock of the combined company will trade under Sonida’s existing ticker symbol "SNDA" on the NYSE.","length":718,"tagName":"p"},{"type":"text","content":"Sonida now owns a combined portfolio of 153 high-quality independent living, assisted living and memory care senior living communities creating the eighth largest owner of U.S. senior living assets with ~14,700 owned units. The portfolio spans the full continuum of care, focusing on high-growth, private-pay communities across the United States. The acquisition strengthens the Company’s presence in the South, Southeast, and Midwest while strategically expanding into the Mountain West, Pacific Northwest, and Mid-Atlantic.","length":525,"tagName...