Sonida Senior Living, Inc. filings document a Delaware senior living company with common stock listed on the NYSE under SNDA. The record includes Form 8-K reports for operating results, investor presentations, material agreements, capital-structure changes, and the completed CNL Healthcare Properties merger.
Proxy and governance filings describe annual meeting matters, director elections, auditor ratification, advisory executive compensation votes, equity incentive plan amendments, board composition and committee appointments. Capital disclosures include preferred stock conversion, warrant amendments and financing arrangements tied to the company’s senior housing portfolio.
CPIF Sparti SAF, L.P., identified as a director of Sonida Senior Living, Inc., has filed an initial ownership report showing it directly holds 1,834,951 shares of Sonida common stock. The entry, dated 2026-03-11, reflects a holding position only, with no buy or sell transactions reported.
CPIF K Co-Invest SPT A, L.P. filed an initial ownership report as a director of Sonida Senior Living, Inc. The filing shows direct beneficial ownership of 224,829 shares of Common Stock. This Form 3 does not report any new purchases, sales, or option exercises, only the existing equity position.
Sonida Senior Living’s major shareholders, including investment vehicles affiliated with Conversant Capital and director Michael Simanovsky, reported large indirect insider purchases and capital structure changes. On March 11, 2026, these entities bought an aggregate 3,739,716 shares of common stock in open‑market or private transactions at $26.74 per share, with no common stock sales reported.
The company and Investors A and B agreed to amend the Series A Convertible Preferred Stock, reducing its conversion price from $40 to $32 per share and making a one‑time cash payment of approximately $5.8 million, including about $1.1 million of accrued dividends. Immediately afterward, Investors A and B converted their Series A preferred into common stock, producing blocks of 1,504,134 and 97,371 common shares. Warrants originally exercisable at $40 per share for 968,538 and 62,712 common shares were simultaneously re‑issued with the same exercise price but an extended expiration date to November 3, 2027.
Following these transactions, the reporting entities show substantial indirect common stock positions, including one line item with 6,857,823 shares of common stock as of March 11, 2026.
Sonida Senior Living, Inc. received a large equity infusion from Conversant-affiliated investors and completed a broader merger transaction, giving the Conversant group significant influence over the company. The reporting persons, led by Conversant Capital LLC and Michael J. Simanovsky, now beneficially own 15,637,124 shares of common stock, or 32.3% of the company, including 1,031,250 shares issuable upon exercise of warrants.
The equity financing, completed alongside the CNL merger, involved Conversant investors purchasing common stock from the company for an aggregate $100,000,005.84. Sonida agreed to reduce the conversion price of its Series A Preferred Stock from $40.00 to $32.00 per share, extend the expiration of warrants to November 3, 2027, and make a one-time payment of approximately $5.8 million, including about $1.1 million of accrued dividends. All outstanding Series A Preferred Stock was converted into 1,601,505 common shares, further consolidating Conversant’s position and installing Simanovsky as board chairman.
Sonida Senior Living, Inc. filed its annual report describing a major strategic shift driven by its March 11, 2026 acquisition of CNL Healthcare Properties, Inc. (CHP). The CHP Merger adds 69 senior housing communities, more than doubling owned units to approximately 14,700 and broadening coverage across the South, Southeast, Midwest, Mountain West and Pacific Northwest.
To finance the transaction, Sonida added $945.0 million of new debt on top of $693.1 million outstanding as of December 31, 2025, including a $270.0 million bridge facility and $525.0 million in term loans. It also converted all Series A preferred stock into 1,601,505 common shares after cutting the conversion price from $40.00 to $32.00, extending related $40.00 warrants by one year and paying $4.7 million as an inducement plus $1.1 million of accrued dividends.
Before the merger, Sonida operated 96 communities in 20 states with capacity for about 10,150 residents, focused on independent living, assisted living and memory care. The company highlights integration plans, portfolio optimization, labor pressures, regulatory risk, cybersecurity, substantial leverage and recent operating losses as key risk factors for future performance.
SONIDA SENIOR LIVING, INC. director Stephen H. Mauldin filed an initial ownership report on Form 3. The filing shows he directly holds 808 shares of the company’s common stock. This is a baseline disclosure of his equity position and does not reflect any new buy or sell transaction.
SONIDA SENIOR LIVING, INC. director Martin J. Chandler filed an initial Form 3, which is a required statement of beneficial ownership for company insiders. The filing lists him as a director but does not report any insider transactions, serving mainly as a baseline disclosure of his reporting status.
Sonida Senior Living, Inc. converted all of its Series A Convertible Preferred Stock into 1,601,505 shares of common stock after reducing the conversion price from $40.00 to $32.00 per share. The company also extended 1,031,250 outstanding warrants at $40.00 per share by one year to November 3, 2027.
Sonida made a one-time aggregate payment of about $5.8 million to the preferred investors, including roughly $1.1 million of accrued dividends from January 1, 2026 through March 11, 2026. An independent special committee of the board approved the transaction as advisable and no less favorable than terms available from third parties. Following the conversion, the company eliminated its preferred stock series and filed a second restated certificate of incorporation to consolidate prior charter amendments.
Sonida Senior Living's major investors updated their ownership and rights following a large merger and equity financing. Silk Partners funded $10,000,011.28 on March 11, 2026, receiving 373,972 common shares at $26.74 per share in a private placement tied to the CHP Merger.
Following these transactions and share issuances under the merger, Messrs. Levinson and Glick, Silk, Siget, Siget NY and 1271 Associates together report beneficial ownership of 2,830,813 shares, or about 6.2% of Sonida’s common stock. Seymour Pluchenik reports 3,073,565 shares, or about 6.7%, while PF Investors holds 242,752 shares, or about 0.5%.
The filing also reflects an Amended and Restated Investor Rights Agreement effective March 11, 2026. In connection with this, director Noah Beren resigned, and Silk expects to designate Sam Levinson to join the board effective May 1, 2026, replacing Shmuel S.Z. Lieberman at that time.
Sonida Senior Living reported strong 2025 top-line growth but wider losses as it executed a transformative acquisition and major refinancing. Resident revenue rose to $332.0 million, up 24.0% from 2024, and 2025 Adjusted EBITDA increased to $53.8 million from $43.2 million. Same-store occupancy reached 87.9% in Q4 2025 and same-store Community Net Operating Income grew 8.0% for the year, with margins improving to 27.9%. Despite this, net loss attributable to common stockholders deepened to $76.4 million in 2025 from $7.6 million in 2024, driven by higher labor and operating costs, $16.2 million of transaction and restructuring charges, and $12.5 million of impairment, compared with large 2024 debt extinguishment gains that did not repeat.
On March 11, 2026 Sonida closed the approximately $1.8 billion acquisition of CNL Healthcare Properties, adding 69 senior housing communities and creating a combined portfolio of 153 owned properties. About 68% of the merger consideration was paid in newly issued Sonida common stock and 32% in cash. To fund the deal and refinance debt, the company put in place an amended and restated credit agreement with a $405 million revolving facility, $525 million of new term loans, and a $270 million bridge loan, all with SOFR-based, leverage-linked pricing, plus interest rate caps. It also raised $110 million of equity in a private placement at $26.74 per share. Management says the CHP merger is expected to be accretive to normalized FFO per share and to materially impact 2026 results as the 69 acquired communities are integrated.