Sonida Senior Living To Acquire Two Senior Living Communities In The Indianapolis Market

Sonida Senior Living, Inc., a leading owner-operator of senior living communities, entered into a purchase and sale agreement to acquire two recently renovated senior living communities in Indianapolis for approximately $12.3 million. The communities, Northfield Senior Living and Southfield Senior Living, include 157 independent living units. The assets complement Sonida Senior Living’s existing Indianapolis portfolio and will leverage the strength of the company’s local leadership team. The company expects the acquisition to close in the first quarter of 2022 subject to customary closing conditions.

The properties recently underwent a significant refurbishment, and the company’s purchase . . .