AcquisitionsJun 2, 2026, 04:38 PM
Chiron Real Estate Acquires Two Senior Housing Communities for $248.9M
AI Summary
Chiron Real Estate Inc. announced the completion of two significant acquisitions: The Landing Alexandria and The Riviera Alexandria, both senior housing communities in Alexandria, Virginia. The total purchase price for these acquisitions was $248.9 million. The company also reported the creation of a new class of Series C Convertible Preferred Units within its Operating Partnership and the completion of a $100 million private placement of Series C Preferred Stock. Additionally, Chiron Real Estate Inc. incurred approximately $147 million in new debt under its Credit Facility to help fund these transactions.
Key Highlights
- Chiron Real Estate Inc. acquired The Landing Alexandria for $130 million.
- Chiron Real Estate Inc. acquired The Riviera Alexandria for $118.9 million.
- The acquisitions were funded by cash on hand, Series C Preferred Stock proceeds, and the Company's Credit Facility.
- Chiron Real Estate LP created a new class of Series C Convertible Preferred Units.
- The Company incurred approximately $147 million of additional indebtedness under its Credit Facility.
- Chiron Real Estate Inc. completed a private placement of 1,000,000 shares of Series C Preferred Stock for $100 million.
Price Impact
More from XRN