Chiron Real Estate closes $173.2M acquisition of The Pinnacle North Bethesda senior housing community from Silverstone affiliates
On October 1, 2026, Chiron Real Estate Inc. closed the acquisition of The Pinnacle North Bethesda, a senior housing community in North Bethesda, Maryland, from affiliates of Silverstone Senior Living for a purchase price of $173.2 million. The acquisition was funded with cash on hand and approximately $171 million of additional borrowings under the Company's Third Amended and Restated Credit Facility. The Company will operate the Pinnacle as a senior housing operating property and entered into a management agree...
Key takeaways
Chiron Real Estate closed the $173.2 million acquisition of The Pinnacle North Bethesda senior housing community on October 1, 2026, from affiliates of Silverstone Senior Living.
Funding mix combines cash on hand with approximately $171 million of additional borrowings under the Company's existing Third Amended and Restated Credit Facility.
The Pinnacle will be operated as a senior housing operating property under a third-party management agreement with an affiliate of Greystone Communities.
Related-party disclosure: executive officer Robert Zeiller serves on Silverstone's board and holds a minority equity interest in Silverstone; Silverstone affiliates also sold The Landing and Riviera communities to the Company in June 2026.
The transaction was previously disclosed in a Form 8-K filed on May 6, 2026.
Target revenue, NOI, or operating metrics for The Pinnacle were not disclosed; required Rule 3-05 financial statements and Article 11 pro forma information will be filed by amendment within 71 days of the initial 8-K filing date.
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