8-K
filed June 2, 2026, 4:30 PM ET
ticker XRN
CIK 0001533615
M&A
confidence high
sentiment positive
materiality 0.85
Chiron Real Estate Inc. (XRN): M&A transaction — Chiron Real Estate closes $249M acquisition of two senior housing communities; issues $100M Series C preferred
Chiron Real Estate Inc.
- Acquired The Landing Alexandria ($130M) and The Riviera Alexandria ($118.9M) on June 1, 2026.
- Funded with $100M Series C Preferred Stock private placement and $147M additional Credit Facility borrowings.
- Issued 1,000,000 shares of 6.00% Series C Convertible Preferred Stock at $100/share to four institutional investors.
- Series C Preferred dividend starts at 6%, steps to 8% after 4 years, then +2% annually to max 12%.
- Created 1,000,000 Series C Convertible Preferred Units in the Operating Partnership with substantially similar terms.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Chiron Real Estate Inc. incurred credit facility of $147 million with unknown at unknown maturing unknown.
- Instrument
- credit facility
- Principal
- $147 million
- Event
- incurrence
Exact text from the filing
In connection with the closing of the acquisitions of the Landing and the Riviera, the Company, through the Operating Partnership, incurred approximately $147 million of additional indebtedness under the Company’s Third Amended and Restated Credit Facility (the “ Credit Facility ”).
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.8
Chiron Real Estate Inc. issued 1,000,000 Series C Preferred Units of convertible note to Chiron Real Estate Inc. for proceeds received from the sale of the Series C Preferred Stock.
- Security
- convertible note
- Shares
- 1,000,000 Series C Preferred Units
- Purchaser
- Chiron Real Estate Inc.
- Consideration
- proceeds received from the sale of the Series C Preferred Stock
Exact text from the filing
The Company contributed the proceeds received from the sale of the Series C Preferred Stock to the Operating Partnership in exchange for the issuance of 1,000,000 Series C Preferred Units to the Company.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.95
Chiron Real Estate Inc. issued 1,000,000 shares of preferred stock to Maewyn XRN LP, Petrus Special Opportunities Fund, L.P., certain entities advised by Canyon Capital Advisors LLC and certain entities advised by Diameter Capital Partners LP for $100.00 per share for gross proceeds of approximately $100,000,000.
- Security
- preferred stock
- Shares
- 1,000,000 shares
- Purchaser
- Maewyn XRN LP, Petrus Special Opportunities Fund, L.P., certain entities advised by Canyon Capital Advisors LLC and certain entities advised by Diameter Capital Partners LP
- Consideration
- $100.00 per share for gross proceeds of approximately $100,000,000
Exact text from the filing
On May 29, 2026 and June 2, 2026, the Company completed closings of its previously announced private placement (the “ Series C Private Placement ”), pursuant to which the Company issued an aggregate of 1,000,000 shares of Series C Preferred Stock for $100.00 per share for gross proceeds of approximately $100,000,000 to Maewyn XRN LP, Petrus Special Opportunities Fund, L.P., certain entities advised by Canyon Capital Advisors LLC and certain entities advised by Diameter Capital Partners LP (collectively, the “ Purchasers ”), pursuant to that certain Investment Agreement, dated as of May 6, 2026, by and among the Company and the purchasers party thereto (the “ Investment Agreement ”).
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Chiron Real Estate Inc.: Filed Articles Supplementary designating 1,000,000 shares of Series C Convertible Preferred Stock (effective 2026-05-28).
- Change
- charter amendment
- Effective
- 2026-05-28
Exact text from the filing
On May 28, 2026, the Company filed Articles Supplementary with the Maryland State Department of Assessments and Taxation to designate 1,000,000 shares of the Company’s authorized preferred stock as shares of Series C Convertible Preferred Stock
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.95
Chiron Real Estate Inc. completed an acquisition involving affiliates of Silverstone Senior Living for $130 million (closed 2026-06-01).
- Action
- acquisition
- Counterparty
- affiliates of Silverstone Senior Living
- Consideration
- $130 million
- Closing
- 2026-06-01
Exact text from the filing
On June 1, 2026, the Company, through one or more subsidiaries, closed on the acquisition of The Landing Alexandria (the “ Landing ”), a senior housing community located in Alexandria, Virginia for a purchase price of $130 million.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.95
Chiron Real Estate Inc. completed an acquisition involving affiliates of Silverstone Senior Living for $118.9 million (closed 2026-06-01).
- Action
- acquisition
- Counterparty
- affiliates of Silverstone Senior Living
- Consideration
- $118.9 million
- Closing
- 2026-06-01
Exact text from the filing
On June 1, 2026, the Company, through one or more subsidiaries, closed on the acquisition of The Riviera Alexandria (the “ Riviera ”), a senior housing community located in Alexandria, Virginia for a purchase price of $118.9 million.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Chiron Real Estate Inc. entered into Seventh Amendment to the Agreement of Limited Partnership of Chiron Real Estate LP with Chiron Real Estate Inc. valued at Creates Series C Convertible Preferred Units with terms substantially similar to the 6.00% Series C (effective 2026-05-28).
- Action
- entry
- Counterparty
- Chiron Real Estate Inc.
- Value
- Creates Series C Convertible Preferred Units with terms substantially similar to the 6.00% Series C
- Effective
- 2026-05-28
Exact text from the filing
Item 1.01 Entry into a Material Definitive Agreement Seventh Amendment to the Agreement of Limited Partnership of Chiron Real Estate LP On May 28, 2026, Chiron Real Estate Inc. (the “ Company ”), as the sole member of the general partner of Chiron Real Estate LP (the “ Operating Partnership ”), entered into an amendment to the agreement of limited partnership of the Operating Partnership (the “ OP Amendment ”).
View on SEC.gov
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