# Sienna Adds Ontario Retirement Property

> Sienna Senior Living acquires Brighton Retirement & Active Living in Ontario for $73.8m.
- Title: Sienna Adds Ontario Retirement Property · Financialpost
- Summary: Sienna Senior Living acquires Brighton Retirement & Active Living in Ontario for $73.8m. Sienna Senior Living Inc. acquired Brighton Retirement & Active…
- Keywords: sienna, sienna senior living, brighton retirement, ontario, retirement residence, acquisition, tsx, senior living, money, business, Adds, Retirement
- Source: Financialpost — https://financialpost.com/globe-newswire/sienna-continues-platform-growth-in-ontario-2
- Read time: 1 min
- Topics: sienna, sienna senior living, brighton retirement, ontario, retirement residence, acquisition, tsx, senior living, money, business
## 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.
## Key takeaway

Sienna Senior Living Inc. acquired Brighton Retirement & Active Living, a 165-suite Ontario property, for $73.8 million to expand its senior living portfolio.