Chiron Real Estate announced agreements to acquire three seniors housing communities from affiliates of Silverstone Senior Living for an aggregate purchase price of approximately $425 million. The acquisitions mark Chiron’s entry into the seniors housing operating property sector.
The portfolio includes The Landing Alexandria and The Riviera at Alexandria in Virginia, along with The Pinnacle North Bethesda in Maryland. Silverstone will continue maintaining an active oversight role in operations, while Greystone will remain the third-party property manager for the communities.
On May 1, 2026, Chiron entered into agreements to acquire The Landing Alexandria and The Riviera at Alexandria for approximately $249 million. The company expects both transactions to close around June 1, 2026, subject to customary closing conditions.
The Landing opened in April 2022 and includes 163 homes across independent living, assisted living, and memory care units. The property was approximately 90% occupied as of April 30, 2026.
The Riviera opened in March 2026 and includes 129 independent living units with approximately 24,000 square feet of hospitality-oriented amenity space. The property was approximately 20% leased as of April 30, 2026.
Chiron said the Alexandria properties will operate as a unified campus designed to generate operational efficiencies and improve resident experience. The company expects the combined investment to produce a double-digit unlevered internal rate of return.
Separately, Chiron entered into an agreement on May 6, 2026, to acquire The Pinnacle North Bethesda for approximately $176 million. The property is scheduled to open in October 2026 and was approximately 30% preleased as of April 30, 2026. The closing is expected to occur in October 2026.
The Pinnacle includes 175 homes spanning independent living, assisted living, and memory care units along with ground-floor retail space. The property is located adjacent to Pike & Rose within the Pike District in North Bethesda, Maryland.
Chiron said the acquisitions support its strategy of investing in healthcare-related real estate assets in supply-constrained markets with long-term demographic demand drivers.
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“These acquisitions represent Chiron’s initial entry into seniors housing and advance our strategy of investing in high-quality communities in supply-constrained markets. We believe this is an attractive time to enter the sector given the favorable long-term demand outlook and limited new supply. Each of our acquisition communities are newly constructed and we believe they are well positioned for long-term success given their superior quality and location. We look forward to partnering with Silverstone and Greystone to drive resident experience and operational performance.”
Mark Decker, Jr., Chief Executive Officer, Chiron Real Estate
