Nation’s Largest Senior Living Provider Makes Transition from Real EstateHolder to Management Company
August 11, 2003 Nation's Largest Senior Living Provider Makes Transition from Real Estate Holder to Management Company Sunrise Senior Living, Inc. has decided to to adopt a new business strategy by selling off its real estate holdings and to focus more upon becoming a management company. Previously, the company owned most of its properties. By mid-2005, the company plans on selling off all its real estate. The company believes this approach will reduce their debt and make them a more attractive investment. Last March, Sunrise completed the acquisition of all of the outstanding stock of Marriott International, Inc . . .
