Optima Living Acquires Five Seniors Living Communities

Optima Living, Axium Infrastructure, and Desjardins Global Asset Management have announced the acquisition of five seniors living and continuing care communities from The Brenda Strafford Foundation in Calgary and Okotoks, Alberta. The communities, which include Bow View Manor, Cambridge Manor, Clifton House, Tudor Manor, and Wentworth Manor, will more than double the partners' collective investment in seniors living and care infrastructure.

This transaction brings Optima Living's portfolio to 30 seniors living communities across Western Canada, growing its suite count by 45 percent since 2020. The acquisition will add more than 1,000 new suites, bringing Optima's total suites under management to over 6,200. Alberta remains central to Optima's growth strategy, accounting for 76 percent of its communities. Since 2020, Optima and its investment partners have invested more than $1 billion into the province of Alberta through seniors living and care infrastructure.

The acquisition of these communities follows an exhaustive search process led by The Brenda Strafford Foundation's Board of Directors. Optima and its partners were selected based on their alignment with BSF's values and their long-term commitment to the seniors care sector, as well as to the residents, families, employees, and communities in which they operate.

Axium Infrastructure, via one of its managed funds, and DGAM Global Private Infrastructure Fund, managed by Desjardins Global Asset Management, are also involved in this transaction. This marks DGAM Infrastructure Fund's second investment alongside Axium and Optima in the seniors living sector. The transaction advances a shared commitment to investing in essential seniors' infrastructure and supporting access to dignified, person-centred care as Canadians age.

Axium Infrastructure, with approximately C$14.4 billion in assets under management as of June 30, 2026, and approximately C$2.2 billion in co-investments, focuses on assets supported by robust market demand and under long-term contracts with creditworthy counterparties. Since 2010, the firm has invested in a diversified portfolio of over 310 infrastructure assets.

The acquisition further strengthens Optima Living's position in the Canadian long-term care sector, where it sees significant opportunities to support the evolving needs of Canada's aging population. Optima Living, founded in 2007 by two friends inspired by a love for seniors and their families' dementia journeys, is the only Top 10 Canadian senior living and care provider focused exclusively on Western Canada, serving more than 6,000 residents across Alberta and British Columbia.