Chiron Real Estate buys senior housing for $173M

The acquisition combines cash on hand with approximately $171 million in additional credit-facility debt, and Greystone will manage daily operations.

Rhea-AI Filing Summary

Chiron Real Estate Inc. (XRN), through subsidiaries, closed the acquisition of The Pinnacle North Bethesda, a senior housing community in North Bethesda, Maryland, on October 1, 2026, for a purchase price of $173.2 million. The company said the purchase was funded with cash on hand and proceeds from its credit facility.

In connection with the acquisition, Chiron Real Estate LP, the company’s operating partnership, incurred approximately $171 million of additional indebtedness under the company’s Third Amended and Restated Credit Facility. Chiron will operate the property as a senior housing operating property asset. An affiliate of Greystone Communities, described as a third-party operator, entered into a management agreement on October 1 to manage day-to-day operations.

Affiliates of Silverstone Senior Living were the sellers. Chiron executive officer Robert Zeiller serves on Silverstone’s board and holds a minority equity interest in Silverstone. The company stated that the purchase price was determined through arm’s-length negotiations and customary real estate valuation and underwriting analyses. The acquired business’s financial statements and pro forma financial information are to be filed by amendment no later than 71 days after the date the initial report is required to be filed.

8-K Event Classification

3 items: 2.01, 2.03, 9.01

3 items

Item 2.01 Completion of Acquisition or Disposition of Assets Financial

The company completed a significant acquisition or sale of business assets.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Purchase price: $173.2 million Additional indebtedness: Approximately $171 million Amendment deadline: 71 days

3 metrics

Purchase price $173.2 million The Pinnacle North Bethesda acquisition

Additional indebtedness Approximately $171 million Incurred under the company’s Third Amended and Restated Credit Facility in connection with the acquisition

Amendment deadline 71 days After the date the initial report is required to be filed, for the acquired business’s financial statements and pro forma information

Key Terms

senior housing operating property asset, Third Amended and Restated Credit Facility, operating partnership, pro forma financial information

4 terms

senior housing operating property asset technical

"operate the Pinnacle as a senior housing operating property asset"

Third Amended and Restated Credit Facility financial

"under the Company’s Third Amended and Restated Credit Facility"

operating partnership financial

"the Company's operating partnership"

An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.

pro forma financial information financial

"The pro forma financial information that is required to be filed"

Pro forma financial information are adjusted financial numbers that show how a company’s results might look after a specific event or after removing one-time items, like a cleaned-up or “what if” version of its earnings. Investors use these figures to compare performance, judge future profitability, or evaluate the impact of mergers, restructurings or large transactions, but they require scrutiny because adjustments can make results look rosier than standard accounting statements.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Chiron Real Estate pay for The Pinnacle North Bethesda?

Chiron Real Estate acquired The Pinnacle North Bethesda for a $173.2 million purchase price. The acquisition closed on October 1, 2026.

How did Chiron Real Estate fund the Pinnacle acquisition?

Chiron Real Estate said it funded the purchase with cash on hand and proceeds from its Credit Facility. In connection with the acquisition, its operating partnership incurred approximately $171 million of additional indebtedness under the facility.

Who will manage The Pinnacle North Bethesda?

An affiliate of Greystone Communities, described as a third-party operator, will manage the community’s day-to-day operations under a management agreement entered into on October 1, 2026.

What relationship did Chiron Real Estate disclose with the Pinnacle seller?

Chiron disclosed that executive officer Robert Zeiller serves on the board of Silverstone Senior Living and holds a minority equity interest in Silverstone. Affiliates of Silverstone were the sellers of The Pinnacle North Bethesda.

When will Chiron Real Estate file the acquired business’s financial statements and pro forma information?

The company stated that the financial statements and pro forma financial information will be filed by amendment no later than 71 days after the date the initial report is required to be filed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/05/2026 - 04:17 PM Accepted by SEC EDGAR 10/05/2026 - 04:16 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 5, 2026 (October 1, 2026)

Chiron Real Estate Inc.

(Exact name of registrant as specified in its charter)

Maryland			001-37815			46-4757266
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(I.R.S. Employer Identification No.)

7373 Wisconsin Avenue, Suite 800

Bethesda, MD

20814

(Address of Principal Executive Offices)

(Zip Code)

(202) 524-6851

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former name or former address, if changed since last report)

______________________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading Symbols:

Name of each exchange on which registered:

Common Stock, par value $0.001 per share

XRN

NYSE

Series A Preferred Stock, par value $0.001 per share

XRN PrA

NYSE

Series B Preferred Stock, par value $0.001 per share

XRN PrB

NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.01 Completion of Acquisition or Disposition of Assets.

The Pinnacle North Bethesda

On October 1, 2026, Chiron Real Estate Inc. (the "Company"), through one or more subsidiaries, closed on the acquisition of The Pinnacle North Bethesda (the “Pinnacle”), a senior housing community located in North Bethesda, Maryland for a purchase price of $173.2 million. The Company previously reported on a Current Report on Form 8-K filed with the United States Securities and Exchange Commission on May 6, 2026 that it had entered into a purchase contract with affiliates of Silverstone Senior Living (“Silverstone”) to acquire the Pinnacle. The acquisition of the Pinnacle was funded using a combination of (a) cash on hand and (b) proceeds from the Company's Credit Facility, which is described further in Item 2.03 below.

The Company will operate the Pinnacle as a senior housing operating property asset and, as of October 1, 2026, entered into a management agreement with an affiliate of Greystone Communities (“Greystone”), a third-party operator, pursuant to which Greystone will manage the day-to-day operations of the Pinnacle.

Robert Zeiller, one of the Company’s executive officers, serves on the board of directors of Silverstone and holds a minority equity interest in Silverstone. Affiliates of Silverstone were the sellers under the Pinnacle Purchase Agreement and were also the sellers in the Company's previously announced acquisitions of The Landing and Riviera communities, which closed in June 2026. Except as disclosed above, there is no material relationship between the Company or any director or officer of the Company, or any associate of any director or officer of the Company, and Silverstone.

The purchase price was determined through arm's-length negotiations between the parties and was based on customary real estate valuation and underwriting analyses.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

In connection with the closing of the acquisition of the Pinnacle, the Company, through Chiron Real Estate LP, the Company's operating partnership, incurred approximately $171 million of additional indebtedness under the Company’s Third Amended and Restated Credit Facility.

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of Business Acquired

The financial statements that are required to be filed pursuant to this item will be filed by amendment no later than 71 days after the date on which this initial Form 8-K is required to be filed.

(b) Pro Forma Financial Information

The pro forma financial information that is required to be filed pursuant to this item will be filed by amendment no later than 71 days after the date on which this initial Form 8-K is required to be filed.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Chiron Real Estate Inc.
			By:			/s/ Jamie A. Barber
						Jamie A. Barber
						Secretary and General Counsel

Date: October 5, 2026

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.1 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 32.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 59.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 35.7 KB