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Sienna Acquires Oshawa Seniors Residence for $59.4M
Sienna Senior Living has acquired a 129-suite retirement home in Oshawa for $59.4 million.
The property, known as The Bartlett, is an independent-living residence. Sienna paid approximately $461,000 per suite, with an initial investment yield of about 5.75%, said the company. Built in 2021, the residence is roughly 96% occupied and includes amenities as well as an 8,000-square-foot medical clinic.
The acquisition was funded through cash on hand.
“The addition of The Bartlett supports Sienna’s long-term value creation by enhancing the scale and quality of our diversified GTA portfolio,” said Nitin Jain, the company’s president and CEO. “For the balance of 2026, we are well-positioned to continue the Company’s growth across key markets in Canada, supported by a strong pipeline of acquisition and development opportunities.”
Sienna provides a range of seniors’ housing options, including independent living, assisted living and memory care, along with long-term care and specialized services, supported by approximately 15,000 employees across Canada.
Pictured: The Bartlett apartment property in Ohawa, Ont.
Photo: Aspira Living
- ◦Sale/Acquisition
