Chiron Real Estate Acquires Pinnacle North Bethesda for $173.2M

Chiron Real Estate Inc. announced the completion of its acquisition of The Pinnacle North Bethesda, a senior housing community, for $173.2 million. The transaction was funded through a combination of cash on hand and proceeds from the company's Credit Facility. In connection with the acquisition, Chiron Real Estate LP incurred approximately $171 million in additional indebtedness under its Third Amended and Restated Credit Facility. The company has also entered into a management agreement with Greystone Communities to manage the day-to-day operations of the property.