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Sienna Senior closes C$164M purchase of 2 Ontario assets

Sienna Senior Living Inc. completed the purchase of two properties, encompassing 384 private-pay care suites, in Barrie and Kingston, Ontario, for roughly C$164 million.

The company intends to up-finance the existing mortgages on the acquired properties in the near term, at which time the proceeds are expected to be used to settle debt incurred in connection with the purchase.