Acquisition of retirement residences in Ontario
Torys acted as counsel to the real estate development and seniors housing operating company in its C$382 million sale of ten high-quality private-pay independent supportive living and assisted living retirement residences in Ontario to Sienna Senior Living Inc.
On March 28, 2018, a private real estate development and seniors housing operating company completed a previously announced sale of ten high-quality private-pay independent supportive living and assisted living retirement residences in Ontario to Sienna Senior Living Inc. for an aggregate sale price of approximately C$382 million.
The properties consist of 1,245 private-pay suites located in the Greater Toronto and Greater Ottawa areas.
Further information can be found on Globe Newswire's website.
Torys also acted on the following in connection with this project:
| Province/State | Ontario |
| Country | Canada |
| Nature of Engagement | Real Estate |
| Government Level | Provincial |
| Client Role | Seller |
| Value | $382,000,000 CAD |