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TOLEDO-In conjunction with its recent announcement of a definitive agreement to acquire Sunrise Senior Living Inc., Health Care REIT Inc. took the next step toward ownership of the McLean, VA-based company; spinning off Sunrise Senior Living Management Co. to Kohlberg Kravis Roberts & Co. LP; Beecken Petty O’Keefe & Co. and Coastwood Senior Housing Partners LLC. The trio will acquire Sunrise Senior Living’s management component for approximately $130 million, with Health Care REIT kicking in an additional $26 million to acquire a 20% interest in the new entity.

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