BDT & MSD Partners buys majority stake in Sunrise Senior Living
Founded in 1981 by Paul and Terry Klaassen, the operator has built a portfolio of luxury, hospitality-oriented senior living communities.
Sunrise Senior Living, a senior living operator with communities across the U.S. and Canada, is selling a majority stake held by Public Sector Pension Investment Board to BDT & MSD Partners. The company operates more than 230 communities serving approximately 22,000 residents.
The investment supports a growth plan that includes a development pipeline of more than 50 communities expected to total $7.5 billion in costs. Sunrise's senior leadership team will retain the remaining ownership.
BDT & MSD Partners has previously backed Greystar, Speed Bay and Auberge Collection.
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