Completed the $1.8 billion acquisition of CNL Healthcare Properties (CHP), adding 93 communities since 2024 to create a high-quality, newer-vintage portfolio in growth markets. Achieved significant value creation through an asymmetrical collar structure on the merger, issuing approximately 8 million fewer shares than originally anticipated. Performance gains in the 2024 acquisition cohort, including an 820 basis point year-over-year occupancy increase, validate the strategy of buying underoperated ass ...