New Partnership to Enhance Sunrise Senior Living’s Growth
Location: McLean, Va.
Date: Oct. 6, 2026
Sunrise Senior Living has announced a definitive agreement with funds affiliated with BDT & MSD Partners to acquire the company from the Public Sector Pension Investment Board (PSP Investments). This collaboration will involve Sunrise’s senior leadership team, headed by CEO Jack R. Callison, Jr.
Company Background:
For over 45 years, Sunrise has been at the forefront of modern senior living, operating more than 230 communities across the U.S. and Canada, and serving more than 22,000 residents. Sunrise’s extensive portfolio includes a third-party management business, active joint venture investments, and a pipeline of over 50 new communities with projected development costs of around $7.5 billion.
Market Context:
This partnership comes at a crucial time as demographic shifts increase the demand for high-quality senior living. Sunrise aims to leverage its experienced leadership and robust platform to provide exceptional services that enhance the quality of life for older adults.
Leadership Quotes:
Jack R. Callison, Jr. stated, “We are excited to build on our progress with BDT & MSD as our majority investor… Together we will continue to invest in our people, our culture, and the resident experience.”
Coburn Packard, from BDT & MSD, remarked, “We believe Sunrise has the leadership, reputation, and platform to meet the growing need for high-quality senior living.”
Transaction Overview:
The transaction is expected to close in 2027, pending customary regulatory approvals. Overall, Sunrise’s senior leadership will remain intact, continuing to manage its communities with significant personal investment alongside BDT & MSD.
About Sunrise Senior Living:
Founded in 1981, Sunrise Senior Living is known for integrating lifestyle, wellness, and high-quality care, providing personalized experiences for seniors.
About BDT & MSD Partners:
BDT & MSD Partners is a merchant bank focused on serving founders and long-term strategic investors, with a significant investment in various real estate sectors.
About PSP Investments:
The Public Sector Pension Investment Board is one of Canada’s largest pension investors, managing a diversified portfolio with assets worth $320.6 billion as of March 31, 2026.
For further details, please refer to the original press release or contact the companies involved directly.
