NexLiving Communities Announces Property Disposition and Declares Quarterly Dividend

Executive Summary

• NexLiving sold its 15‑unit Gatineau, QC property for $2.9 million net proceeds (3.16% cap rate).
• The asset was unencumbered and the sale aligns with the company’s strategy to recycle capital from non‑core assets into higher‑value opportunities.
• The board declared a quarterly cash dividend of $0.01 per common share (annualized $0.04), payable March 27, 2026.

Key Details

• Disposition: 15‑unit property at 24–28 Rue de la Futaie, Gatineau, QC.
• Sale Price / Proceeds: $2.9 million net cash proceeds.
• Capitalization Rate: Implied 3.16% based on trailing twelve‑month NOI.
• Financing Status: Asset was free of mortgage debt at the time of sale.
• Strategic Rationale: Non‑core asset recycle to fund acquisitions/renovations that enhance portfolio quality, scale, and long‑term value creation.
• Dividend Declaration: $0.01 per common share for quarter ending March 31, 2026 (annualized $0.04).
• Record Date: Close of business on March 6, 2026.
• Payment Date: March 27, 2026.

Notable Quotes

(No direct quotes were provided in the release.)