Welltower Acquires Portfolio of Sunrise Assets for $368M

Toledo, OH-based Welltower Inc. is acquiring a portfolio of four rental continuing care retirement communities from McLean, VA-based Sunrise Senior Living for $368 million. The communities are concentrated in the Washington D.C., Miami and Charlottesville MSAs.

The communities offer a full continuum of care including independent living, assisted living, memory care and post-acute care. The portfolio is currently managed by Sunrise under triple-net leases.

Welltower will transition the communities to a RIDEA structure to deliver next generation care. Welltower has closed on one of the communities with the remaining three to follow in Q1 2018. This investment is projected to generate a nominal year one cap rate of 7%.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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Welltower Acquires Portfolio of Sunrise Assets for $368M

Inside The Story

About Dennis Kaiser

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Sub Markets

National

Property Sectors

Topics

National CRE News In Your Inbox.

Welltower Acquires Portfolio of Sunrise Assets for $368M

Inside The Story

About Dennis Kaiser