Nov 4 (Reuters) - Sonida Senior Living ( SNDA ) is in

advanced talks to acquire CNL Healthcare Properties in

a deal valued at $1.8 billion, the Wall Street Journal reported

on Tuesday, citing people familiar with the matter.

Dallas-based Sonida is offering cash and stock and a

transaction could be announced within days, the Journal said.

Both Sonida and CNL did not immediately respond to Reuters'

requests for comment.

The senior housing business is experiencing a sharp rebound

after years of difficulty. Sonida itself nearly collapsed during

the pandemic and was rescued by a $154.8 million investment from

Conversant Capital, the Journal said.