Sienna Senior Living completes $170.7 million acquisition of Ottawa retirement residence
Sienna Senior Living completed its $170.7 million acquisition of Stonemont On the Park, a 305-suite retirement residence in Ottawa. The transaction includes a further $10 million earnout tied to financial targets.
1. Acquisition completed
Sienna Senior Living funded the acquisition with available cash on hand. Stonemont opened in 2024 and is nearly 100% occupied.
