Sunrise continues to
leverage its highly scalable operating platform to capture market
share and bring highly personalized lifestyle, wellness, and care
services to North America's aging
population.
MCLEAN,
Va., July 8, 2024 /PRNewswire/ -- Sunrise
Senior Living, a pioneer in personalized senior living services for
the last 40 years, is pleased to announce it has successfully added
13 senior living communities to its growing North American
portfolio, which continues to serve three distinct consumer
segments: luxury, premium and middle market. Additional strategic
community additions are expected to be announced throughout the
third quarter of 2024. This robust growth stems from both
establishing new strategic owner relationships seeking long-term,
programmatic growth with Sunrise,
as well as incremental growth with existing partners with interest
to expand their relationship given the Company's excellent track
record of strong operating performance.
In recent weeks, Sunrise has
assumed operations of the following portfolios:
- A new joint venture ownership interest where Sunrise leveraged its strong balance sheet and
simultaneously assumed management of two, high-quality communities
in the dense suburbs of Chicago
that expands the Company's core premium assisted living and memory
care services in an existing, high-performing market.
- A managed portfolio currently comprising eight independent
living communities providing valuable services at an affordable
price point in the greater Rocky Mountain area, with three
additional communities anticipated to close in the coming
weeks.
Additionally, Sunrise continues
to grow its ground-up development pipeline, most recently opening
brand new lease-up communities in highly protected submarkets
across Northern and Southern
California – Sunrise of
Cupertino and Sunrise of Oceanside, respectively. Two
additional communities, Sunrise of
Killarney and Sunrise at Lonsdale Square, are slated to open
in Vancouver, British Columbia,
Canada this summer. Looking ahead, Sunrise anticipates unveiling the Company's
first premium segment assisted living and memory care community in
the greater Miami, Florida area –
Sunrise of Coral Gables – by the end of 2024.
"With an industry-leading, highly scalable operating platform, a
proven track record of compelling value creation for our owners,
and incredibly robust consumer demand for our distinctive,
personalized senior living offering, Sunrise is in significant growth mode backed
by the confidence of both new and existing investors to manage,
acquire, and develop senior living communities across the luxury,
premium, and middle-market segments," said Jack R. Callison, Jr., chief executive officer
for Sunrise. "Our approach to gain
a deep understanding of each submarket we operate in combined with
the unique needs of the various consumer segments we serve allows
us to customize specific offerings to cultivate interest in diverse
consumer-facing products, all backed by the strong, dynamic support
of Sunrise's team of senior living
and hospitality experts."
Sunrise's growing North
American portfolio of communities is supported by a fully
integrated, diverse team of subject matter experts in core
functions that include design, development & construction,
asset management, real estate acquisitions, capital markets,
financial performance & data analytics, human resources, and
strategic marketing. The Company's investment in people,
process, and information technology facilitates access to a
differentiated and proven approach, offering owners a highly
scalable and reliable operating platform that adapts to individual
community demands across North
America's most desirable senior living sub-markets.
For more information about Sunrise Senior Living,
visit sunriseseniorliving.com.
About Sunrise Senior Living
Founded in 1981, Sunrise Senior Living is credited with
establishing the modern era of senior living. Each Sunrise community is dedicated to delivering a
personalized approach to senior living where every aspect of the
services and environment is built around the specific wants and
needs of the individual seniors that call the community home. From
purposefully created and thoughtful design, to engaging programming
and lifestyle activities and best-in-class quality of care that
evolves with the needs of each senior, Sunrise's industry-leading innovation is built
upon its mission to champion quality of life for all seniors.
Celebrating 40 years, Sunrise
operates more than 240 communities in the
United States and Canada
serving more than 20,000 residents. With more than 20,000 highly
trained team members, Sunrise
offers a full range of personalized services, including independent
living, assisted living, care for individuals with Alzheimer's and
other forms of dementia, as well as nursing and rehabilitative
services.
Contact: Heather Hunter,
870-230-9500, heather.hunter@sunriseseniorliving.com
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SOURCE Sunrise Senior Living