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Senior Housing Properties (SNH) receives notice that Sunrise Senior Living (SRZ) will terminate...

Senior Housing Properties (SNH) receives notice that Sunrise Senior Living (SRZ) will terminate its leases for 10 senior living communities, effective Dec. 31, 2013. SNH believes Marriott (MAR)) - which guaranteed the leases - no longer wanted to be liable for such and required Sunrise to terminate. Sunrise has offered to continue the leases, but without the Marriott guarantee, an offer SNH has declined. (PR)
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