Mr. Nitin Jain reports

SIENNA COMPLETES ACQUISITION IN THE GREATER TORONTO AREA

Sienna Senior Living Inc. has completed its previously disclosed acquisition of a 78.2-per-cent interest in LaSalle Park, located in Burlington, Ont., a suburb within the Greater Toronto Area (GTA).

Built in 2013, the property is 97 per cent occupied and consists of 92 independent living units and 31 assisted living units. Sienna has acquired the 78.2-per-cent interest in the property for a gross purchase price of approximately $67.2-million, with an initial investment yield of approximately 5.70 per cent. The company expects to acquire an additional 10.9-per-cent interest in January, 2026, and the final 10.9-per-cent interest in five years.

The acquisition of the 78.2-per-cent interest in LaSalle Park was financed through the assumption of approximately $26.7-million in debt, with the remaining balance financed with the company's cash on hand.

"This marks Sienna's third high-quality acquisition in the Greater Toronto Area in 2025, a key market where we already have a significant presence and continue to build scale," said Nitin Jain, president and chief executive officer. "With this latest acquisition, we have added over $800-million of assets to our portfolio this year, generating strong growth momentum we expect to carry forward into 2026."

About Sienna Senior Living Inc.

Sienna Senior Living offers a full range of seniors living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna's approximately 15,000 employees are passionate about cultivating happiness in daily life.

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