Optima Living Expands Western Canadian Footprint With Acquisition of Five Calgary-Area Seniors Communities

Optima Living and its investment partners acquired five seniors living and continuing-care communities in the Calgary area from The Brenda Strafford Foundation, adding over 1,000 suites to their portfolio. The acquisition, completed in partnership with an Axium Infrastructure-managed fund and Desjardins Global Asset Management, brings Optima's total managed suites above 6,200 and more than doubles the collective partners' investment in seniors infrastructure. The deal reflects Optima's 45 percent portfolio growth this year and deepens its presence in Alberta, which now represents 76 percent of its communities.

This transaction represents a significant consolidation in Alberta's seniors care market, with the five acquired properties—including four Calgary facilities and one in nearby Okotoks—bringing the combined entity's regional footprint to 30 communities across Western Canada. The partnership structure demonstrates how institutional capital is flowing into seniors infrastructure, with Axium Infrastructure and Desjardins Global Asset Management joining Optima as co-investors. Since 2020, these partners have collectively committed over $1 billion to Alberta's seniors living sector, indicating sustained confidence in demographic-driven demand within the province's aging population.