Sienna Senior Living Completes Acquisition in Greater Toronto Area

Executive Summary

• Sienna Senior Living Inc. completed the acquisition of Cawthra Gardens, a 192‑bed Class A long‑term care home in Mississauga, Ontario, for a gross purchase price of $32.6 million.
• The transaction was financed with general corporate funds and is expected to be immediately accretive to AFFO per share, reflecting a 6.75% capitalization rate.
• The acquisition adds to Sienna’s cumulative 2025 acquisitions of over $430 million and supports its growth strategy across the senior‑care continuum.

Key Details

• Target: Cawthra Gardens long‑term care home (192 beds, Class A) located in Mississauga, Ontario.
• Purchase Price: $32.6 million total gross consideration, which includes a $2.0 million capital allowance earmarked for use within the next 12 months.
• Financing: Entirely funded through Sienna’s general corporate cash resources; no external debt or equity financing disclosed.
• Capitalization Rate: 6.75%, indicating the expected return on the acquired asset.
• Accretion: Management expects the acquisition to be immediately accretive to AFFO per share.
• Strategic Context: Brings Sienna’s total acquisitions in 2025 to >$430 million, complementing $220 million of completed development projects and reinforcing its diversified senior‑care platform.

Notable Quotes

“With this most recent acquisition, we have added over $430 million in acquisitions to date in 2025… Combined with $220 million of completed development projects, these additions exemplify Sienna’s growth strategy,” – Nitin Jain, President and CEO.