Chiron Real Estate Inc. (GMRE) Form 8-K — Jun 2, 2026
Chiron Real Estate Inc. (XRN) closed on the acquisition of two senior housing communities in Alexandria, Virginia, for a combined purchase price of $248.9 million. The company acquired The Landing Alexandria for $130 million and The Riviera Alexandria for $118.9 million from affiliates of Silverstone Senior Living. To fund these acquisitions, Chiron completed a $100 million private placement of 6.00% Series C Convertible Preferred Stock, issuing 1,000,000 shares at $100.00 per share to investors including Maewyn XRN LP and entities advised by Canyon Capital and Diameter Capital.
Key figures
- Debt Amount
- 147000000
- Gross Proceeds
- 100000000
- Offering Price
- 100
- Shares Offered
- 1000000
- Conversion rate
- 2.32558
- Landing purchase price
- 130000000
- Riviera purchase price
- 118900000
- Preferred dividend rate
- 6.00%
Price after filing
Close on the filing date to close N calendar days later (from $35.59). Historical, not a forecast.
AI analysis
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