M&A
confidence high
sentiment positive
materiality 0.80
Chiron completes $248.9M acquisition of two Alexandria senior housing communities
Chiron Real Estate Inc.
- The Landing Alexandria acquired for $130M; The Riviera Alexandria for $118.9M, both in Alexandria, VA.
- Riviera opened March 2026; occupancy 9% at 3/31/26, 18% at 6/1/26; 23 leased units at avg rent $11,860/mo.
- Riviera operating loss of $1.9M for five months ended June 1, 2026; expects yield-on-cost >7% upon stabilization in H2 2028.
- Landing posted net loss of $32K in Q1 2026 and $2.544M for FY2025; 163 homes across IL/AL/memory care.
- Pro forma financials filed; Deloitte audited Landing and Riviera statements.