Sienna Completes Acquisition in the Greater Toronto Area

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentThis news release constitutes a “designated news release” for the purposes of Sienna’s amended and restated prospectus supplement dated November 14, 2025 to its short form base shelf prospectus dated November 29, 2024.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentMARKHAM, Ontario, Dec. 19, 2025 (GLOBE NEWSWIRE) — Sienna Senior Living Inc. (“Sienna” or the “Company“) (TSX: SIA) announced today that it has completed its previously disclosed acquisition of a 78.2% interest in LaSalle Park located in Burlington, Ontario, a suburb within the Greater Toronto Area (“GTA”).Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentBuilt in 2013, the property is 97% occupied and consists of 92 independent living and 31 assisted living units. Sienna has acquired the 78.2% interest in the property for a gross purchase price of approximately $67.2 million with an initial Investment Yield of approximately 5.70%. The Company expects to acquire an additional 10.9% interest in January 2026, and the final 10.9% interest in five years.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentThe acquisition of the 78.2% interest in LaSalle Park was financed through the assumption of approximately $26.7 million in debt, with the remaining balance funded with the Company’s cash on hand.Article content“This marks Sienna’s third high-quality acquisition in the Greater Toronto Area in 2025, a key market where we already have a significant presence and continue to build scale,” said Nitin Jain, President and Chief Executive Officer. “With this latest acquisition, we have added over $800 million of assets to our portfolio this year, generating strong growth momentum we expect to carry forward into 2026.”Article content2025 Acquisitions &DevelopmentsYear BuiltLocationNumber ofBeds/SuitesPurchase Price /DevelopmentCost ($M) (1)InvestmentYield / ExpectedDevelopmentYield (%) (2) Nicola Lodge / LTC (30%)2016Greater Vancouver Area, British Columbia256$ 26.56.75 Alberta Portfolio / LTC2022/2023Calgary, Edmonton, Medicine Hat, Fort Saskatchewan, Alberta540$ 181.66.50 Wildpine / Retirement2019Ottawa, Ontario165$ 48.06.25 Hazeldean Gardens / Retirement2018Ottawa, Ontario172$ 85.36.33 Credit River / Retirement2016Greater Toronto Area, Ontario133$ 60.25.75 Cawthra Gardens / LTC2003Greater Toronto Area, Ontario192$ 32.66.75 Hygate / Retirement2021Waterloo, Ontario216$ 93.36.00 LaSalle Park / Retirement2013Greater Toronto Area, Ontario123$ 67.25.70 Total Acquisitions $ 594.7 Northern Heights2025North Bay, Ontario160$ 78.08.00 Brants Landing (Retirement) & Oakwood Commons (LTC)2025Brantford, Ontario147 / 160$ 140.08.50 Total Developments $ 218.0 Total Portfolio Expansion $ 812.7 1. Purchase price excludes working capital and other adjustments.2. This is a KPI. Refer to the Non-GAAP Measures section in the Company’s most recent MD&A for definition and additional information. Article contentArticle contentAbout Sienna Senior LivingArticle contentSienna Senior Living Inc. (TSX:SIA) offers a full range of seniors’ living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna’s approximately 15,000 employees are passionate about cultivating happiness in daily life. For more information, please visit www.siennaliving.ca.Article contentForward-Looking StatementsArticle contentCertain of the statements contained in this news release are forward-looking statements and are provided for the purpose of presenting information about management’s current expectations and plans relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. These statements generally use forward-looking words, such as “anticipate,” “continue,” “could,” “expect,” “may,” “will,” “estimate,” “believe,” “goals”, “target” or other similar words and are based on the Company’s expectations, estimates, forecasts and projections. These statements are subject to significant known and unknown risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. The forward-looking statements in this news release are based on information currently available and what management currently believes are reasonable assumptions. The Company does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law.Article contentFOR FURTHER INFORMATION, PLEASE CONTACT:Article contentDavid HungChief Financial Officer and Executive Vice President, Investments(905) 489-0258david.hung@siennaliving.caArticle contentNancy WebbExecutive Vice President, Corporate Affairs and Marketing (905) 477-4006 ext. 3030nancy.webb@siennaliving.caArticle contentArticle contentArticle contentArticle contentArticle contentArticle contentTrending When sinking property values raise red flags for borrowers Mortgages Tax Court overturns CRA decision to deny bitcoin loss writeoff Taxes Mortgage rates move — but in the wrong direction Mortgage Rates Philip Cross: The sad story of Justin Trudeau’s 'youthful idiots' FP Comment Amid a wave of mortgage renewals, borrowers will have leverage in 2026 Mortgages Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. 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