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Sienna Senior Living Announces the Opening of Its Long-Term Care Community in North Bay and Retirement Community in Brantford, Ontario

Written by Customer Service on . Posted in Public Companies.

MARKHAM, Ontario, Sept. 08, 2025 (GLOBE NEWSWIRE) — Sienna Senior Living Inc. (“Sienna” or the “Company“) (TSX: SIA) announced today that it has officially opened its Northern Heights Community, the Company’s first completed long-term care redevelopment project.

Northern Heights is a 160-bed long-term care community, replacing 148 older Class C beds. Centrally located in North Bay, Ontario, the thoughtfully designed property overlooks the city and lake, and contributes meaningfully to the rejuvenation of the surrounding community. Residents of the older Class C building have moved to their new home and Sienna expects that Northern Heights will be fully occupied within the next two months.

The Company also completed its campus of care development project in Brantford, Ontario, which includes 160 long-term care beds and 147 retirement suites located on the banks of the Grand River and offering a compelling mix of urban amenities and rural appeal. Resident move-ins at Aspira Brants Landing Retirement Living begin this week, and we see strong interest from prospective residents. The relocation of residents to the adjacent long-term care community is expected to take place in the coming weeks, with full occupancy anticipated by the end of 2025.

The new development projects, completed on time and within budget, were constructed on greenfield sites, allowing for the sale of the two older Class C properties for gross proceeds of $8.5 million.

“The addition of our first long-term care and campus of care developments marks a significant milestone for Sienna and reflects our deep commitment to seniors in Ontario,” said Nitin Jain, President and Chief Executive Officer of Sienna. “These new homes provide a welcoming, modern and supportive environment for residents, families and team members, while also playing a key role in upgrading Sienna’s property portfolio and supporting the continued growth of our asset base.”

In addition to its recently completed development projects, Sienna has a long-term care redevelopment under construction in Keswick, Ontario, which is expected to be completed in early 2027. Once fully operational, each development project is expected to have a significant impact on our operating results and improve Sienna’s Adjusted Funds from Operations (AFFO) by an average of approximately 3%.

About Sienna Senior Living

Sienna Senior Living Inc. (TSX:SIA) offers a full range of seniors’ living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna’s approximately 14,500 employees are passionate about cultivating happiness in daily life. For more information, please visit www.siennaliving.ca.

Forward-Looking Statements

Certain of the statements contained in this news release are forward-looking statements and are provided for the purpose of presenting information about management’s current expectations and plans relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. These statements generally use forward-looking words, such as “anticipate,” “continue,” “could,” “expect,” “may,” “will,” “estimate,” “believe,” “goals” or other similar words and are based on the Company’s expectations, estimates, forecasts and projections. These statements are subject to significant known and unknown risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. The forward-looking statements in this news release are based on information currently available and what management currently believes are reasonable assumptions. The Company does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law.

FOR FURTHER INFORMATION, PLEASE CONTACT:

David Hung
Chief Financial Officer and Executive Vice President, Investments
(905) 489-0258
david.hung@siennaliving.ca

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