Sonida Senior Living to merge with CNL Healthcare Properties in a $1.8bn deal.

Sonida Senior Living, an owner, operator and investor in independent living, agreed to merge CNL Healthcare Properties, a non-traded real estate investment trust, in a $1.8bn deal. The merger will create the eighth largest1 owner of senior living assets in the United States, with a combined portfolio of 153 owned independent living, assisted living and memory care communities totaling approximately 14,700 units.