28 Jun '15, 9pm

Sunrise Gets Back Into Development: How Big Will It Go? - Senior Housing News #branding #luxury

Sunrise Gets Back Into Development: How Big Will It Go? - Senior Housing News #branding #luxury

Sunrise Senior Living (NYSE: SRZ) is once again building new properties from the ground up. After a period of inactivity, the company announced the opening of a community in the Bay Area last week, with others set to open in Ohio and Southern California in the coming months. The new developments are part of a “measured, rifle-shot” approach that Sunrise now is taking, Green Street analyst Kevin Tyler tells SHN. Specifically, this will entail opening between two and five properties annually, according to Stifel analyst Daniel Bernstein. While the pipeline may be modest, the fact that Sunrise is back in action can be seen as a sign of health for the company and the sector, Bernstein tells SHN. Sunrise and some of its primary partners, such as Health Care REIT (NYSE: HCN) and Revera Inc., are among the biggest players in senior housing. With total resident capacity exceeding ...

Full article: http://seniorhousingnews.com/2015/06/26/sunrise-gets-back...

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