Real estate investors are eagerly snapping-up seniors housing assets across the country as rising demand from an aging population combined with a shortage of new developments is pushing up profitability, brokers say.
Sienna Senior Living (SIA-T) continues to focus on Ontario with its 2025 acquisitions, announcing Thursday a $93.3-million agreement to purchase The Hygate on Lexington in Waterloo, containing 216 units. It's Sienna’s fifth acquisition across Ontario this year.
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