Sunrise Senior Living (SRZ) sells its 20% stake in 16 retirement communities to Ventas (VTR) for...

|By:, SA News Editor

Sunrise Senior Living (SRZ) sells its 20% stake in 16 retirement communities to Ventas (VTR) for about $28M. SRZ will remain the manager of the communities under the preexisting terms relating to management fees and contract length, which currently range from 18 to 27 years.