Home

Arcapita completes US$630 million sale of US portfolio

Thu, 2011-01-13 19:51 — newsdesk

Arcapita Bank B.S.C. announced today that it and its affiliates have completed the sale of a portfolio of 29 senior living communities in the United States.
The portfolio is being acquired by a joint venture between Sunrise Senior Living, Inc. and CNL Lifestyle Properties, Inc. for a total transaction value of US$630 million. Returns to investors will exceed the projections made at the outset of the investment seven years ago.

Source: 

http://www.bi-me.com/main.php?c=3&cg=2&t=1&id=50401