Arcapita US Senior Living Yielding II

Sunrise Senior Living

In November 2002, Arcapita entered into a series of joint ventures with Sunrise Senior Living, Inc. to acquire lease (Ijara) interests in US assisted living properties. Sunrise Second LLC acquired a portfolio of 12 assisted living properties, and one independent living facility, located in New Orleans, Atlanta, Minneapolis, Boston, Sacramento, Denver, Chicago and New Jersey. The first two portfolios were sold in September 2006 to a strategic buyer. Headquartered in McLean, Virginia, Sunrise is recognized as having pioneered assisted living healthcare and has revolutionized the long-term care option for seniors by emphasizing quality of life and quality of care.

Investment Type

Real Estate

Region

United States

Exit Date

2006