US EditionNewmark Serves as Real Estate Advisor on $1.8 Billion Strategic Merger Between Sonida Senior Living and CNL Healthcare Properties
The merger creates the eighth largest U.S. senior housing owner with 153 communities and $3 billion enterprise value, aiming for enhanced liquidity and operational synergies.
- On Nov. 5, 2025, Sonida Senior Living, Inc. announced a $1.8 billion cash-and-stock acquisition of CNL Healthcare Properties, Inc., with Newmark Group, Inc. advising and closing expected in the first half of 2026.
- Transaction data show transaction activity in the U.S. seniors housing sector reached $13 billion through September, up 67% year-over-year, reflecting growing investor demand in seniors housing, Newmark Research found.
- The merger creates the eighth largest owner of senior living assets in the United States, with 153 communities totaling approximately 14,700 units, and Maconachy said, 'This merger reflects the strength of Sonida's leadership and strategy, pairing operational excellence with a platform well-positioned to capture the long-term demographic tailwinds,' Maconachy said.
- Sonida expects immediate accretion to Normalized Funds From Operations and will retain its NYSE ticker and existing leadership team after closing.
- Combining Sonida and CNL fits a trend where experienced advisers, with over $3.1 billion in revenues and approximately 170 offices with over 8,500 professionals, support large transactions.
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Newmark Serves as Real Estate Advisor on $1.8 Billion Strategic Merger Between Sonida Senior Living and CNL Healthcare Properties - Newmark Group (NASDAQ:NMRK), Sonida Senior Living (NYSE:SNDA)
Merger Creates $3 Billion Senior Housing Owner-Operator with National Scale NEW YORK, Nov. 5, 2025 /PRNewswire/ -- Newmark Group, Inc. (NASDAQ:NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the Company has acted as the real estate advisor to Sonida Senior Living, Inc. (NYSE:SNDA), a leading owner and…
Enid News & Eagle
Owensboro Messenger-InquirerSonida Senior Living Announces Strategic Merger with CNL Healthcare Properties, Inc. in a Stock and Cash Transaction Valued at Approximately $1.8 Billion, Creating $3 Billion Pure-Play Senior Housing Owner-Operator
DALLAS--(BUSINESS WIRE)--Nov 5, 2025-
Sonida Senior Living, CNL Healthcare to Merge in $1.8B Cash-and-Stock Deal
Sonida Senior Living, Inc. and CNL Healthcare Properties, Inc. (CHP) have reached a definitive merger agreement under which Sonida will acquire 100% of CHP in a cash-and-stock transaction valued at approximately $1.8 billion. As a combined enterprise, Sonida expects to have an equity market capitalization of approximately $1.4 billion and a total enterprise value of approximately $3.0 billion. The combined company will have a portfolio of 153 ow…
Dallas' Sonida Senior Living Acquires Orlando-Based CNL Healthcare Properties in $1.8 Billion Merger Deal
Dallas Innovates, Every Day: Here's what's new + next in North Texas. Sonida Senior Living (NYSE: SNDA), a leading Dallas-based owner, operator, and investor in senior living communities, is acquiring and merging with CNL Healthcare Properties (CHP), a public non-traded real estate investment trust which owns a national portfolio of “high-quality” senior housing communities.…The post Dallas’ Sonida Senior Living Acquires Orlando-Based CNL Health…
The Texas Lawbook
REBusinessOnlineSonida Senior Living to Acquire CNL Healthcare Properties for $1.8B
The combined companies will operate under Sonida, which will continue to be traded on the NYSE. Acquisition of the non-traded REIT and its more than 7,500 senior living units, creates the eighth largest owner of senior living assets in the nation. Outside legal counsel included Fried Frank, Sidley Austin and Arnold & Porter. The post Sonida Senior Living to Acquire CNL Healthcare Properties for $1.8B appeared first on The Texas Lawbook.
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