Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
See more data about SNDA stock on TipRanks’ Stock Analysis page.