Sonida closes $22M acquisitions in Atlanta and Tampa submarkets

SONIDA SENIOR LIVING, INC.

Acquired 88-unit senior living community in Alpharetta (Atlanta MSA) for $11M ($125k/unit); funded from cash and revolver.
Acquired 64-unit memory care community in Tarpon Springs (Tampa MSA) for $11M ($172k/unit); funded with cash and $9M non-recourse mortgage (SOFR+0% stepping).
Both properties built in 2017; Atlanta portfolio now four assets, Florida portfolio now eight assets.
CEO Brandon Ribar notes no material near-term debt maturities; expects double-digit cap rates upon stabilization for both acquisitions.

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