Ropes & Gray advised the Special Committee of the Board of Directors of CNL Healthcare Properties (CHP) in the completed merger with Sonida Senior Living, a leading owner, operator and investor in senior living communities. Through this cash and stock transaction valued at approximately $1.8 billion, Sonida has acquired 100% of CHP, creating a combined enterprise with an estimated total enterprise value of $3 billion. The completed transaction was announced March 11.
CHP is a public non-traded real estate investment trust (REIT) with a national portfolio of high-quality senior housing communities. The combination establishes one of the largest senior housing companies in the United States.
The Ropes & Gray team included mergers & acquisitions partner Sarah Young and litigation & enforcement partner Jeff Bushofsky.
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.