Chartwell Retirement Residences (TSX:CSH.UN) is looking for acquisition opportunities. Vlad Volodarski, Director and Chief Executive Officer said during the annual meeting of investors, ?We completed sales of several noncore assets, further improving overall composition of our portfolio. With improved financial performance and proceeds from these transactions, we are now ready to capitalize on acquisition opportunities, newer assets?.

?We continue driving our portfolio optimization and growth initiatives, investing in our existing properties to ensure their long-term competitiveness. Pursuing acquisitions of newer, high-growth properties, strong markets and divesting noncore residents. We believe active portfolio management, including the addition of newer properties critical to our ability to stay competitive in the changing world and to deliver long-term sustainable returns to our investors?.