secwatch.observer — SEC 8-K summary
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Issuer:     Chiron Real Estate Inc. (XRN)
CIK:        0001533615
Form:       8-K
Filed at:   2026-06-02T20:30:45+00:00
Accession:  0001104659-26-069515
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chiron Real Estate closes $249M acquisition of two senior housing communities; issues $100M Series C preferred
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533615/000110465926069515/0001104659-26-069515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533615/000110465926069515/tm2616685d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-069515

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer