Sienna Senior Living (LWSCF) finalized its acquisition of Cawthra Gardens, a 192-bed Class A long-term care home in Mississauga, Ontario, for a gross purchase price of $32.6M, including a $2M capital allowance that the Company plans to use within the next 12 months. Sienna has acquired the property at a 6.75% capitalization rate and expects the transaction to be immediately accretive to the Company’s AFFO per share. The acquisition was financed through the use of general corporate funds.
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