Sonida Senior Living, Inc., Completes Merger With CNL Healthcare Properties, Inc. for $1.8 Billion

news.law March 12, 2026

Sonida Senior Living, Inc. (“Sonida” or the “Company”) (NYSE: SNDA), one of the largest, pure-play owner-operators and investors in U.S. senior living communities, today announced the completion of its previously announced merger with CNL Healthcare Properties, Inc. (“CHP”), a public non-traded real estate investment trust (“REIT”) that owns a national portfolio of high-quality senior housing properties, with Sonida having acquired 100% of CHP in a cash and stock transaction valued at approximately $1.8 billion. The common stock of the combined company will trade under Sonida’s existing ticker symbol “SNDA” on the NYSE.

Sonida now owns a combined portfolio of 153 high-quality independent living, assisted living and memory care senior living communities creating the eighth largest owner of U.S. senior living assets with ~14,700 owned units.