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Sienna Senior Living agrees to buy Stonemont On the Park in Ottawa for $170.7 million
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Sienna Senior Living agrees to buy Stonemont On the Park in Ottawa for $170.7 million
  • Sienna entered a deal to buy Stonemont On the Park, a 305-suite retirement residence in Ottawa, Ontario.
  • Gross purchase price about $170.7 million, or $560,000 per suite.
  • Agreement includes a $10 million earnout tied to hitting specified financial targets.
  • Property opened in 2024, runs at about 99% occupancy.
  • Closing expected in Q4 2026, funded with cash on hand and credit facilities.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sienna Senior Living Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609170830PRIMZONEFULLFEED9828396) on September 17, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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