SUNRISE REAL ESTATE INVESTMENT TRUST (SZR-UN.TO)
Acquired 24 communities from Sunrise and Sunrise joint ventures (nine in Canada, 15 in U.S.)
Nine development projects committed by Sunrise in 2005
Right of first offer on Canadian senior living development or acquisition opportunities
- Low cost of capital source
- REIT able to develop and acquire properties
- 30-year strategic alliance agreement
- Right to manage all REIT properties
- Exit alternative for existing joint venture partners
- Efficient long-term holder of real estate
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REIT Advantages to Sunrise