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Arnold & Porter LLP Serves as Special Tax Counsel in Completion of Health Care REIT's Sunrise Senior Living Acquisition and Sale of Management Company

January 24, 2013

Arnold & Porter LLP Serves as Special Tax Counsel in Completion of Health Care REIT's Sunrise Senior Living Acquisition and Sale of Management Company

WASHINGTON, DC, January 24, 2013 -- Health Care REIT, Inc. has announced that it recently completed its acquisition of the Sunrise Senior Living, Inc. property portfolio, the sale of the Sunrise management company, and the acceleration of all planned joint venture partner buy-outs.

An Arnold & Porter team including Joseph Howe III, head of the firm's tax practice, Cynthia Mann, tax partner, and tax associate Josh Scala served as special tax counsel to Toledo, Ohio-based Health Care REIT on the transaction structuring.

In its press release, the company said its investment in Sunrise properties as of today is $3.4 billion, and is expected to increase to $4.3 billion by July 2013 upon exercise of the company's rights to acquire additional joint venture partner interests at fixed purchase prices.  The company noted in its release that when the $4.3 billion investment is completed, it  will include 120 wholly owned properties and five joint venture properties concentrated in London, Southern California, Chicago, Philadelphia, Boston, Washington D.C., and Montreal.

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