Insights > Deals
Sienna closes Ottawa retirement‑residence purchase
30 October 2026 | Asset acquisition | Canada | 305 units | Operational
The acquisition of Stonemont On the Park adds a nearly fully occupied residence offering independent, supportive and assisted living.
Key details
Asset type | Operational |
Location | Ottawa, Canada |
Capacity | 305 units |
Buyer | Sienna Senior Living |
Seller | Undisclosed |
Value | C$170.7 million |
The Stonemont On the Park opened in 2024 and was nearly 100% occupied at closing. Sienna funded the purchase with cash, with a further C$10 million earn‑out payment contingent on meeting financial targets.
Strategic context
Sienna has added C$1.2 billion in assets through acquisitions and development since the start of 2025. Stonemont continues that expansion with an operating property, limiting immediate occupancy risk while maintaining exposure to operating costs. Its range of care levels also complements Sienna's existing senior‑living platform.
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