Chartwell Retirement Residences ( ($TSE:CSH.UN) ) has provided an announcement.
Chartwell Retirement Residences has expanded its portfolio by acquiring two retirement residences, Résidence Le Florilège and Chartwell L’Envol, along with the remaining interest in Chartwell Trait-Carré, all located in Quebec City. These acquisitions, valued at over $247 million, are part of Chartwell’s strategy to enhance its presence in high-growth markets with high-quality, recently developed properties that boast strong occupancy rates. The integration of these properties is expected to be seamless, as they are already managed by Chartwell, and will contribute positively to the company’s portfolio quality and competitive positioning in the seniors housing industry.
More about Chartwell Retirement Residences
Chartwell Retirement Residences is a major player in the Canadian senior housing sector, offering a range of living options from independent living to long-term care. As one of the largest operators in Canada, Chartwell serves approximately 25,000 residents across four provinces, focusing on enhancing the lives of seniors through quality housing and care services.
YTD Price Performance: 12.32%
Average Trading Volume: 346,623
Technical Sentiment Signal: Sell
Current Market Cap: C$4.67B
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