10:02 AM EDT, 10/16/2025 (MT Newswires) -- Chartwell Retirement Residences (CSH-UN.TO) Thursday provided an update on strategic investment and financing initiatives.

The company said it closed the previously announced acquisition of 449-suite Les Tours Angrignon in Montreal Oct. 1, 2025.

The purchase price, before closing costs and working capital adjustments, was $88.5 million and was settled through the assumption of a $68.7 million CMHC-insured mortgage bearing interest at 2.22% maturing in December 2026, and cash, stated the company.

The company also listed out its agreements to acquire the 238-suite Residence Panorama in Laval, Quebec, the 334-suite Residence Azalis in Repengtiny, Quebec and the 376-suite Residence L'Aubier in Levis, Quebec.

The company said that the purchase price for Residence Panorama is $76 million, before closing costs and working capital adjustments. Residence Azalis' purchase price is $111 million, while Residence L'Aubier's purchase price is $128.2 million, both before closing costs and working capital adjustments.

All three transactions will be settled in cash and are expected to close in the fourth quarter of 2025.

Chartwell Retirement Residences also pointed out the commencement of the development of the 111-suite Chartwell Kingsview Retirement Residence in Calgary, Alberta.

It also stated that since upsizing its ATM program on Aug. 7, 2025, Chartwell issued 13.7 million trust units at an average price of $18.27, generating gross proceeds of approximately $250 million.

A statement also noted the completion of $87 million of new CMHC-insured financings by the company.

It further added that on Sept. 30, 2025, Morningstar DBRS changed the trends on Chartwell to Positive from Stable and confirmed its BBB (low) rating.

"We are pleased to continue our strategic growth by acquiring modern, efficient, and highly desirable properties in dynamic urban markets at a significant discount to replacement costs," said Chartwell's chief investment officer Jonathan Boulakia. "While we have been successful sourcing high quality acquisitions over the past 24 months, we have also been busy laying the groundwork to build an important pipeline of future acquisition opportunities, including through strategic development partnerships."

The company's shares were last seen up $0.07 to $19.61 on the Toronto Stock Exchange.

Price: 19.58, Change: +0.04, Percent Change: +0.20