HCPI Makes Offer for Sunrise

Health Care Property Investors, Long Beach, Calif., has made an offer to acquire Sunrise Senior Living Real Estate Investment Trust for $18 (Canadian) per share.This represents a 20% premium over a $15 (Canadian) offer from Ventas Inc., a Louisville, Ky.-based REIT, HCPI said. Responding to the offer, Sunrise, a Toronto-based REIT, said it cannot consider the offer until HCPI confirms that its proposal "is not conditional on it reaching an agreement with Sunrise Senior Living," the manager of Sunrise REIT. The current offer from Ventas remains in effect until the HCPI proposal proceeds further. The companies can be found online at http://www.hcpi.com, http://www.sunriseseniorliving.com, and http://www.ventasreit.com.