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Sunrise Senior Living Completes Purchase And Sale Agreement And Enters New Joint Venture For 40 Percent Ownership Interest In 29 Sunrise-managed Properties

By TechAgreements

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MCLEAN, Va., Sunrise Senior Living, Inc. (NYSE: SRZ) announced today that on January 10, 2011, the Company completed the previously announced purchase and sale agreement with a wholly owned subsidiary of CNL Lifestyle Properties and an affiliate of Arcapita, which was Sunrise's joint venture partner in 29 Sunrise-managed communities. As part of the transaction, Arcapita sold its 90 percent...

Full post as published by TechAgreements on January 11, 2011 (boomark / email).

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