Arcapita US Senior Living Yielding III

Sunrise Senior Living

In September 2003, Arcapita entered into a series of joint ventures with Sunrise Senior Living, Inc. to acquire lease (Ijara) interests in US senior living properties. In two transactions, in June 2003 and September 2003, the joint venture acquired a portfolio of 29 properties, comprising 2,082 residential units in the senior living sector, located in California, Colorado, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York and Ohio. 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. The portfolio was sold in 2011 to a joint-venture between Sunrise Senior Living SRZ.N and CNL Lifestyle Properties.

Investment Type

Real Estate

Region

United States

Exit Date

2011