Sonida acquires Cincinnati senior living community for $16.3M and extends $220M Fannie Mae loans to 2029

SONIDA SENIOR LIVING, INC.

Acquired 82-unit senior living community in Cincinnati for $16.3M (~$198K/unit); funded via $18.25M seller financing with 3% fixed IO rate after 24-month interest waiver.
Completed Fannie Mae loan modification extending maturities on $220.1M of mortgages from Dec 2026 to Jan 2029; blended rate 4.35% unchanged.
Initial $2M principal paydown funded; further paydowns of $2M (Nov 2025), $3M (Nov 2026), $3M (Nov 2027) required; $10M guaranty terminates after third payment.
Acquisition adjacent to existing Wellington community creates 203-unit campus; total portfolio now 94 communities (20 acquired in 2024).
No significant debt maturities until 2027; CEO highlights operational upside and strong pipeline.

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