Sunrise Investments Reconciliation:

($’s in millions)                       Total As of       Remaining      






Debt Assumed (1) $397.8 $397.8 $96.2 $494.0
Cash Required






Acquisition Amount $243.5



(1)   Debt assumed is net of payoffs that occurred as of closing or are expected to occur shortly after respective closing dates.

Sunrise Senior Living Management Company Sale:

Immediately prior to the acquisition of the Sunrise property portfolio, an entity led by affiliates of Kohlberg Kravis Roberts & Co. L.P. and affiliates of Beecken Petty O’Keefe & Company acquired the Sunrise management company for approximately $130 million, with Health Care REIT investing approximately $26 million for a 20% ownership interest. The Sunrise management company will employ the employees of Sunrise Senior Living and operate under the “Sunrise” name and brand.

If you liked this article you might like

Analysts' Actions -- Alaska Air, Canon, Greenlight Capital, Johnson Controls, Welltower and More

REITs Will Be All Right Despite Rising Rates

Bullish and Bearish Reversals in the Market

Welltower Tops Fourth Quarter Estimates

Shakeups at 2 REITs Could Benefit Investors, but It May Take Time