Funds affiliated with BDT & MSD Partners have entered into a definitive agreement to acquire Sunrise Senior Living from the Public Sector Pension Investment Board (PSP Investments), partnering with Sunrise’s senior leadership team, led by CEO Jack R. Callison, Jr..
Sunrise operates more than 230 senior living communities across the United States and Canada, serving over 22,000 residents, with a development pipeline of more than 50 communities representing approximately $7.5 billion in expected development costs.
BDT & MSD brings experience investing in and operating real estate, hospitality and residential businesses, including Greystar, Auberge Collection and The Boca Raton.
Jack R. Callison, Jr., CEO of Sunrise Senior Living, said: “We are excited to build on that progress with BDT & MSD as our majority investor, whose long-term approach and deep experience across hospitality, development, and real estate operations will complement our team’s expertise and help accelerate Sunrise’s next phase of growth.”
Coburn Packard, Head of Real Estate Equity at BDT & MSD Partners, said: “Sunrise is a category-leading business with an exceptional leadership team, trusted brand, and proven operating platform.”
Simon Marc, Senior Vice President and Global Head of Private Equity and Real Estate Investments at PSP Investments, said: “This transaction reflects our portfolio rotation strategy, recycling capital from a successfully executed investment into new opportunities.”
Sunrise’s senior leadership team will remain in place and invest significant personal capital alongside BDT & MSD’s majority investment.
The transaction is expected to close in 2027, subject to customary regulatory approvals.
