January 10, 2017 / 12:05 PM / in 9 months

BRIEF-Chartwell to acquire retirement residence in Vineland,Ontario

Jan 10 (Reuters) - Chartwell Retirement Residences :

* Chartwell announces acquisition of retirement residence in Vineland, Ontario

* Chartwell Retirement Residences - aggregate purchase price of $22.0 million

* Chartwell Retirement Residences - aggregate purchase price of $22.0 million will be settled in cash

* Estimates that upon stabilization, this acquisition will generate an unlevered yield of 7.1 pct Source text for Eikon: Further company coverage:

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