From Financialpost · · 1m 20s
Sienna Adds Ontario Retirement Property
Sienna Senior Living acquires Brighton Retirement & Active Living in Ontario for $73.8m.
In brief
Sienna Senior Living acquires Brighton Retirement & Active Living in Ontario for $73.8m. Sienna Senior Living Inc. acquired Brighton Retirement & Active Living, a 165-suite Ontario property, for $73.8 million to expand its senior living portfolio. Originally reported by Financialpost.
Sienna Acquires Brighton Property
Sienna Senior Living Inc. announced it has entered into a purchase agreement to acquire Brighton Retirement & Active Living, a 165-suite retirement residence in Brighton, Ontario.
Property Details
The property includes 124 retirement suites opened in 2024 with 95% occupancy and 41 seniors’ apartments opened in 2025 currently in lease-up.
Purchase Price
The gross purchase price for Brighton is approximately $73.8 million, or $447,000 per suite, including $1.5 million income support and $5.0 million earnout.
Closing Timeline
The acquisition is expected to close in Q4 2026, subject to regulatory and customary closing conditions, and will be financed with available cash and credit facilities.
CEO Statement
Nitin Jain, President and Chief Executive Officer, stated the acquisition adds a high-quality asset to Sienna’s growing portfolio and accelerates long-term care redevelopment.
Portfolio Growth
Sienna added over $430 million in assets through acquisitions in 2026 while advancing a $625 million joint venture partnership for long-term care redevelopment.
The headline
Sienna Senior Living Inc. acquired Brighton Retirement & Active Living, a 165-suite Ontario property, for $73.8 million to expand its senior living portfolio.
