BDT & MSD Acquires Majority Stake in Sunrise Senior Living from PSP Investments
Sunrise Senior Living has entered into a definitive agreement to be acquired by funds affiliated with BDT & MSD Partners, marking the company's transition from sole ownership by Public Sector Pension Investment Board (PSP Investments). The new partnership includes Sunrise’s senior leadership team and aims to support continued expansion of its operating platform. With over 45 years in operation, Sunrise manages more than 230 communities across North America and has a development pipeline exceeding $7.5 billion for future projects. The acquisition is expected to leverage BDT & MSD's expertise in real estate and hospitality sectors to accelerate growth during an era of increasing demand driven by demographic shifts among aging populations. Jack R. Callison, Jr., CEO of Sunrise, emphasized the company’s commitment to quality care and its readiness to expand with support from a long-term investor aligned with their values. BDT & MSD has extensive experience in real estate investments and owns several high-profile properties across North America.
