Sonida Gives Activity Update On Acquisition And Capital Allocation, In The Process Of Acquiring An Additional 8 Geographical Communities Alongside JV Partners With Anticipated Closings In Q2 2024; Raised ~$10.3M In Net Proceeds Through Its Equity Offering Program
Recently completed acquisition in Ohio bringing total U.S. senior living portfolio to 72 communities
In process of acquiring an additional eight geographically strategic communities alongside joint venture partners with anticipated closings in second quarter 2024
In process of broadening management footprint with 3 new communities scheduled to transition to Sonida in June 2024
Raised approximately $10.3 million in net proceeds through At-the-Market (ATM) equity offering program in April 2024 to fund identified acquisitions
Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:SNDA), a leading owner-operator and investor in communities and services for seniors, today announced the recent closing of its latest senior living community acquisition, in addition to providing an update on pending acquisitions and capital markets activity during the second quarter of 2024.