Arcapita US Senior Living Yielding I

Sunrise Senior Living

In 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 First LLC acquired a portfolio of 12 assisted living properties located in Los Angeles, New York, Chicago, Detroit, Philadelphia and Virginia. 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