Chartwell Retirement Residences (TSE:CSH.UN) has released an update.
Chartwell Retirement Residences is set to expand its portfolio with the acquisition of three state-of-the-art retirement properties in British Columbia for a total of $226.9 million, enhancing its service offerings and market presence in the region. The purchases include residences with a range of care options and are expected to be finalized between Q4, 2024, and Q2, 2025, funded through sales of non-core assets, cash reserves, and credit facilities.
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