#None #Sunrise Senior Living #PSP Investments #BDT MSD

Sunrise Senior Living Takes a Major Step Forward

Sunrise Senior Living has made a significant announcement, revealing a strategic partnership with BDT & MSD Partners, a merchant bank known for its expertise in hospitality and real estate operations. This partnership will see BDT & MSD acquire the company from the Public Sector Pension Investment Board (PSP Investments), marking a pivotal moment in the organization’s 45-year history in the senior living sector.

A New Era of Growth

Sunrise, with more than 230 communities across the United States and Canada, serves over 22,000 residents, offering a variety of senior living options including independent living, assisted living, and memory care. This new partnership is designed to support Sunrise’s future expansion plans, building on its reputation for quality service and exceptional resident experiences. The agreement comes at a time when there is a notable demographic shift, resulting in an increased demand for high-quality senior living environments.

Jack R. Callison, Jr., the CEO of Sunrise, expressed excitement about the new venture, emphasizing the commitment to championing a quality lifestyle for seniors. He stated, "Sunrise is guided by a singular purpose championing quality of life for older adults by creating environments that support longer, healthier, and happier lives."

BDT & MSD Partners' Impact

BDT & MSD Partners brings extensive experience in investing in specialized real estate platforms and has collaborated with renowned organizations like Greystar and Four Seasons. Their investment approach focuses on long-term partnerships, which aligns perfectly with Sunrise's mission of providing exceptional care and community for the aging population.

Coburn Packard, Head of Real Estate Equity at BDT & MSD, praised Sunrise’s leadership and operational platform, noting the growing need for high-quality senior living solutions. He highlighted the synergy between Sunrise’s existing strengths and BDT & MSD's investing capabilities. "We believe Sunrise has the leadership, reputation, and platform to meet the evolving needs in senior living," Packard remarked.

Continuing Leadership

Following the transaction, Sunrise’s existing leadership team, which has been instrumental in the company's recent successes, will remain in place. This consistency in leadership is expected to facilitate a smooth transition and uninterrupted service to residents. The team’s dedication is further underscored by their commitment to invest personal capital alongside the new majority investment from BDT & MSD.

Looking Ahead

This transaction is anticipated to close in 2027, pending regulatory approvals. As the aging population continues to grow, Sunrise is well-positioned to leverage its newly formed partnership to expand its reach and improve its service offerings continuously.

In closing, the new partnership with BDT & MSD not only reflects the trust and value embedded in Sunrise Senior Living but also sets a robust foundation for the future. The combination of an experienced leadership team and the support from BDT & MSD is a significant step toward enhancing and expanding the services provided to seniors, ultimately enriching their living experience.

About Sunrise Senior Living

Founded in 1981, Sunrise Senior Living has established itself as a pioneer in modern senior living. The firm focuses on delivering personalized service designed to improve the quality of life for seniors.

About BDT & MSD Partners

Incorporated in 2023, BDT & MSD Partners serves as a merchant bank and works with founders and business owners, providing them with strategic advice and funding aimed at long-term growth.

Conclusion

The partnership between Sunrise Senior Living and BDT & MSD Partners marks an exciting new chapter for the company, paving the way for progressive advancements in senior living services and ensuring that quality care remains at the forefront of their mission.