Sonida Senior Living Completes Strategic Merger with CNL Healthcare Properties

Fried Frank advised Sonida Senior Living, a leading owner, operator and investor in senior living communities, on its completed acquisition of CNL Healthcare Properties (CHP), a public non-traded real estate investment trust that owns a national portfolio of high-quality senior housing properties, in a cash and stock transaction valued at approximately $1.8 billion. This acquisition creates the eighth largest owner of US senior living assets with ~14,700 owned units.

The combination of Sonida and CHP results in a combined portfolio of 153 high-quality independent living, assisted living and memory care senior living communities and also reflects Fried Frank's strength in advising companies on strategic transactions across a variety of industries. Read Sonida's press release for more information.

The Fried Frank team was led by M&A and private equity partners Philip Richter and Erica Jaffe.

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