PPT Slide
MARRIOTT SENIOR LIVING TRANSACTION SUMMARY
- Marriott Senior Living Portfolio
- 129 communities in 29 states with a resident capacity of 23,329
- Assisted living (50%), independent living (34%) and skilled nursing (16%)
- Long-term contracts (avg. 19 yrs.) on large communities (avg.. 181 res. cap.) with high average revenue ($6.7 million)
- Good geographic overlap in major metros and adds new metros
- Structure
- Sunrise acquired management contracts (108) and leases (21)
- CNL acquired real estate
- Revenues generated by seasoned in-place portfolio
- Name changed to Sunrise Senior Living
- Bill Marriott joins Sunrise’s Board of Directors