Sienna Senior Living (LWSCF) completed its previously disclosed acquisition of a 78.2% interest in LaSalle Park located in Burlington, Ontario, a suburb within the Greater Toronto Area. 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 $67.2M 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 $26.7M in debt, with the remaining balance funded with the Company’s cash on hand.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LWSCF:
- Sienna Senior Living Raises $250 Million in New Debenture Offering to Refinance Near-Term Debt
- Sienna Senior Living Expands with Acquisition in Waterloo
- Sienna Senior Living completes acquisition in Waterloo, Ontario
- Sienna Senior Living Declares December Dividend and Offers Reinvestment Plan
- Sienna Senior Living Announces $250 Million Debenture Offering and Redemption Plan