secwatch.observer — SEC 8-K summary
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Issuer:     Chiron Real Estate Inc. (XRN)
CIK:        0001533615
Form:       8-K
Filed at:   2026-07-06T20:30:27+00:00
Accession:  0001104659-26-080771
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chiron Real Estate acquires SHOP assets for $249M, forms IRF JV for ~$200M, pending Pinnacle acquisition
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- Acquired The Riviera and The Landing SHOP communities in June 2026 for $249M total; Riviera 23% occupied, Landing 93% occupied.
- Sold seven Inpatient Rehab Facility (IRF) assets into a joint venture, generating ~$200M in proceeds for reinvestment.
- Pending acquisition of The Pinnacle for $176M, expected to close 2H 2026; pre-leasing at 36% (64% for IL homes).
- Q1 2026 Cash NOI of $28.8M, up from $27.5M in Q1 2025; net income decreased to $1.7M from $3.7M.
- Implied portfolio cap rate of 8.7% as of March 31, 2026; adjusted for IRF sale to 8.9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533615/000110465926080771/0001104659-26-080771-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533615/000110465926080771/tm2619831d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-080771

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