NORTHERN VIRGINIA, VA-According to Citybizlist.com, Sunrise Senior Living based in McLean has wrapped up the sale of seven senior living complexes to a joint venture with CHT Partners. In the new joint venture, CHT Partners holds a 55% stake, while Sunrise Senior Living's subsidiary, Sunrise Senior Living Investments Inc. holds the remaining 45% stake. The gross value of the joint venture is roughly $226 million.
CHT Partners made an investment of roughly $57 million in the joint venture. For the full story, go to Washington Business Journal .
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