Sonida Senior Living, Inc. ( (SNDA) ) has issued an update.
Sonida Senior Living, Inc. has successfully expanded its portfolio by acquiring eight senior living communities in the Southeast, and two additional properties in Atlanta, for a combined cost of $131.9 million. This strategic move enhances the company’s presence in high-growth markets and is expected to be accretive to its capital rate. Concurrently, Sonida has upsized its credit facility by $75 million with the Royal Bank of Canada, boosting its borrowing capacity to $150 million. These developments reflect the company’s ongoing strategy to capitalize on favorable senior housing trends and its commitment to growth through acquisitions.
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