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2026 The ApartmentBuildings.com 100
Transactions of the Year
- $1.625 Billion Camden Portfolio Deal Ranks Among Southern California’s Largest
- Aimco Sells Chicago Multifamily Portfolio for $455 Million
- Barings Sells Midtown West Rental Tower for $244 Million
- Blackstone, La Caisse Secure $3.15-Billion StuyTown Refinancing
- Equity Residential, AvalonBay Merge in $52 Billion Apartment REIT Deal
- Ethos Affiliate Acquires San Jose’s Ascent for $323 Million
- GO Residential-Led Consortium to Acquire H＆R in $6.7 Billion Deal
- Grant Cardone Fund Wins Court Approval for $235M Boca Raton Apartment Deal
- IMT Capital Obtains $625-Million Freddie Mac Refi
- JLL Capital Markets Structures $1.1-Billion National Apartment Portfolio Venture
- Kennedy Wilson Acquires Toll Brothers’ Apartment Platform for $347M
- Kennedy Wilson, Jamison Partner to Deliver 4,000 Affordable Units Across Los Angeles
- MG Properties Acquires Park 12 for $309 Million in San Diego
- Morgan Properties Acquires $501 Million Trilogy Multifamily Portfolio
- Oak Row, OKO and Mariposa Close $520-Million Brickell Land Deal
- Outpost, June Homes Merge to Create 4,000-Unit Co-Living Platform
- Sonida Completes $1.8-Billion Merger with CNL Healthcare Properties
- Sun Life Takes Full Control of BGO, Crescent; Buys Bell
- West Shore Closes $600 Million in Multifamily Financing and Acquisition Activities
- Winning Proposal Will Bring 3,600 Affordable Units as Part of $8-Billion St. Petersburg Mixed-Use
Sonida Completes $1.8-Billion Merger with CNL Healthcare Properties
Sonida Senior Living completed its $1.8-billion cash-and-stock acquisition of CNL Healthcare Properties, creating a senior housing owner-operator with 153 communities and approximately 14,700 units across the United States.
The combined portfolio includes independent living, assisted living and memory care communities, making Sonida the eighth-largest owner of U.S. senior living assets by units. The transaction significantly expanded Sonida’s footprint in the South, Southeast and Midwest and added exposure to the Mountain West, Pacific Northwest and Mid-Atlantic.
Sonida also secured $930 million in permanent debt financing to support the transaction and refinance existing debt. The financing includes a $405-million revolving credit facility, two $262.5-million term loans, and an accordion feature providing up to $320 million in additional borrowing capacity, bringing the potential total debt capacity to $1.25 billion.
These are some of the reasons the Sonda-CNL merger was selected for ApartmentBuildings.com’s AB 100 Transaction of the Year Award, which recognizes those who demonstrate creativity, skill and success in the multifamily industry.