Sonida Senior Living, Inc. has recently released its 10-K report, providing a comprehensive overview of its financial performance and strategic initiatives. The company, based in Dallas, Texas, owns and operates senior housing communities across the United States, offering a range of services including independent living, assisted living, memory care, and home care through third-party providers. As of December 31, 2024, Sonida Senior Living owned, managed, or invested in 94 senior housing communities in 20 states with an aggregate capacity of approximately 10,000 residents.
In its 10-K report, Sonida Senior Living detailed its recent acquisitions, including the purchase of a single senior living community in Cincinnati, Ohio for $16.3 million, two senior living communities in the Atlanta, Georgia market for $29.0 million, and eight senior living communities in Florida and South Carolina for $102.9 million. Additionally, the company acquired a community in Macedonia, Ohio for $10.7 million. Sonida Senior Living also entered into joint ventures and formed new joint ventures to acquire and operate senior housing communities in Texas, Georgia, and the Midwest.
The report also outlined the company's recent financing and corporate transactions, including loan modifications with Fannie Mae, new mortgage loans, and a senior secured revolving credit facility. Sonida Senior Living's financials reflect its continued growth and investment in expanding its portfolio of senior housing communities and services. Today the company's shares have moved 3.1% to a price of $24.31. If you want to know more, read the company's complete 10-K report here.
