KianaCoby Plans Strategic Entry Into Ontario Market

TORONTO, ON - January 2, 2026 - KianaCoby is pleased to announce our plans to acquire Lakeshore Gardens, a 178-unit senior living community in Mississauga, Ontario, for $85 million in Q1 2026.

Property Overview

Lakeshore Gardens will represent our first investment in the Greater Toronto Area and includes:

• 120 assisted living suites
• 58 memory care units
• 4.2 acres of beautifully landscaped grounds
• Premium amenities: Restaurant-style dining, fitness center, salon, library
• Current occupancy: 96.3%

Market Rationale

The Greater Toronto Area presents exceptional fundamentals:

Demographics

• Population 65+: 940,000 (2025), growing to 1.3M by 2030
• 75+ population: Increasing 5.1% annually
• Affluent seniors: Over 250,000 households with $1M+ net worth

Supply-Demand Dynamics

• Occupancy rates: 93-96% across GTA senior housing
• Wait lists: Average 18-month wait for quality facilities
• New supply: Limited due to zoning and capital constraints
• Pricing power: Annual rate increases of 4-5% sustained

Value Creation Strategy

Our planned investment thesis includes:

1. Operational improvements: Implementing KianaCoby's proven operating platform
2. Revenue enhancement: Rightsizing pricing (currently 8% below market)
3. Care programming: Adding specialized memory care services
4. Physical improvements: $4.2M renovation program over 24 months
5. Staff development: Enhanced training and compensation

Projected Returns

• Pro forma NOI: $8.9M (Year 1), $10.2M (Year 3)
• NOI margin: Improving from 42% to 48%
• Target IRR: 16-19%
• Target equity multiple: 2.1-2.4x
• Hold period: 7-10 years

Planned Financing Structure

• Acquisition price: $85,000,000
• Senior debt: $55,250,000 (65% LTV, 5-year term)
• Equity: $29,750,000
• Renovations reserve: $4,200,000

Leadership

The community will be led by:

• Executive Director: Carol Thompson (20 years senior housing experience)
• Director of Nursing: Michael Chen, RN (15 years, including 8 in memory care)
• Regional oversight: KianaCoby's Ontario operations team

Ontario Expansion Pipeline

This planned acquisition represents the first of a targeted $250M deployment in Ontario over the next 36 months. We are actively evaluating:

• 2 additional Toronto-area properties (200-250 units each)
• 1 Ottawa opportunity (150 units)
• Ground-up development sites in Durham Region and Halton

Investor Update

Current KianaCoby investors will receive detailed offering materials for this opportunity in Q1 2026 upon closing. We expect strong interest given the property quality and market fundamentals.

About Mississauga

Mississauga is Canada's 6th largest city with:

• Population: 775,000
• Median household income: $94,000
• Proximity to Toronto: 20km from downtown
• Well-established infrastructure and amenities
• Strong healthcare network including Credit Valley Hospital

Management Commentary

"Lakeshore Gardens represents exactly the type of asset we target: high quality property in a supply-constrained market with significant value-add potential. Ontario's senior housing fundamentals are among the strongest in North America, and we're excited to establish our presence in this market in Q1 2026."

• KianaCoby Acquisitions Team

Next Steps

Closing is expected in Q1 2026, with immediate implementation of our operational improvements planned. We will host a virtual investor update following closing to discuss progress and pipeline opportunities.

For more information about investment opportunities with KianaCoby, please contact invest@kianacoby.com.