Quality of living: Supporting investments into Canadian seniors housing
![An elderly couple smiles and laughs with friends](/tds/image/Insights-Article-ImageBlock-Real-Estate-Senior-Housing-Deals.jpeg)
"Over the last several years, we have witnessed a significant transformation in how government, private business, and society think about caring for the elderly" said Armen Farian, Managing Director and Head of Canadian Real Estate Investment Banking, TD Securities. "While seniors housing facilities were historically viewed primarily as a form of shelter, we now recognize these environments as essential to a flourishing quality of life."
"A well-designed seniors housing residence brings together a wealth of amenities, care services, and enrichment programing to create a community of connectivity and well-being. At TD Securities, we are committed to helping create these environments for Canada's growing seniors population by providing strategic advice to businesses and entrepreneurs while connecting them with the lowest cost of capital so they can accelerate quality care."
Supporting the seniors housing sector
![• 2022 – Sienna and Sabra's $310 million acquisition of 11 retirement residences from Extendicare (Exclusive Financial Advisor to Sienna and Sole Underwriter on acquisition financing) • 2022 – Welltower's $600 million acquisition of 9 retirement residences from Regency Retirement Resorts (Exclusive Financial Advisor to Regency) • 2021 – Blackstone's acquisition of 13 retirement residences from Revera and formation of joint venture with Groupe Sélection (Financial Advisor to Revera and Groupe Sélection) • 2019 – Ventas' $2.4 billion acquisition of 35 retirement residences and formation of joint venture partnership with Le Groupe Maurice (Exclusive Financial Advisor to Ventas and Lead Arranger on acquisition financing) • 2018 – Sienna's $382 million acquisition of 10 retirement residences from Amica (Financial Advisor to Amica and Sole Bookrunner to Sienna on acquisition financing) • 2017 – Chartwell's $418 million acquisition of 6 retirement residences from BayBridge (Financial Advisor to BayBridge and Joint Lead to Chartwell on acquisition financing)](/tds/image/Insights-Article-Timeline-Real-Estate-Senior-Housing-Deals.jpeg)
Client testimonials
"TD has long been a trusted and valued partner of Amica," said Doug MacLatchy, Chief Executive Officer, Amica Senior Lifestyles. "When Amica set off on our strategy to accelerate growth in the seniors housing industry, our focus has been on care for seniors, including industry leading assisted living, memory care, and developing new generation retirement residences. TD acted as a strategic advisor on the disposition of several non-core portfolios, which provided Amica with additional capital that was reinvested in the business. In addition, as one of our largest lenders, TD has provided its balance sheet capital facilitating our growth including the development of several new state-of-the art retirement residences."
"My partners and I spent the last twenty years methodically building Regency into the leading owner and operator of retirement residences in the Okanagan Valley. When it came time for the founders to retire, we engaged TD as our strategic advisor based on their depth of knowledge and extensive experience in the seniors housing industry," said Ed Hall, Founder and Executive Chairman, Regency Retirement Resorts. "Through TD's advice and execution, we were able to find a purchaser who is committed to maintaining Regency's legacy in the local community and plans to invest significantly in further expansion of the Regency brand."
Leveraging over a decade of expertise
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![Headshot of Armen Farian](/tds/image/Insights-Article-Headshot-Armen-Farian.jpeg)
Managing Director and Head of Canadian Real Estate Investment Banking, TD Securities
![Headshot of Armen Farian](/tds/image/Insights-Article-Headshot-Armen-Farian.jpeg)
Managing Director and Head of Canadian Real Estate Investment Banking, TD Securities
![Headshot of Armen Farian](/tds/image/Insights-Article-Headshot-Armen-Farian.jpeg)
Managing Director and Head of Canadian Real Estate Investment Banking, TD Securities