Sunrise Senior Living — Merger or Acquisition (August 2012)
12 slides from Sunrise Senior Living's merger presentation, Aug 22, 2012
Slide 1: Sunrise Senior Living Acquisition Overview
Exhibit 99.2 Sunrise Senior Living Acquisition Overview August 2012
Slide 2: Sunrise Senior Living Acquisition Overview
Sunrise Senior Living Acquisition Overview • Health Care REIT to acquire Sunrise Senior Living for $14.50/share • The acquisition positions Health Care REIT among the largest owners of seniors housing worldwide with over 58,000 units in the U.S., Canada and U.K. • The purchase price reflects a real
Slide 3: Transaction to Meaningfully Advance Strategic Objectives
Sunrise Transaction to Meaningfully Advance Strategic Objectives An Opportunity For Health Care REIT to Further Deliver on Strategic Objectives Class-A Properties in Accelerating the Portfolio High Barrier to Entry Transformation Markets Complementary to Best- Strong NOI Growth and in-Class Value Cr
Slide 4: Accelerating the Portfolio Transformation
Accelerating the Portfolio Transformation HCN (6/30/12) Sunrise Pro Forma (1) East & West Coast + Top 31 MSA (2) 76% 96% 78% East & West Coast + Top 31 MSA 92% 90% 96% SH Operating Only (2) Private Pay 74% 97% 77% Monthly RevPOR (SH)(3) $4,764 $7,510 $5,446 Average Age (SH) 13 years 8 years 12 years
Slide 5: Class-A Properties in High Barrier to Entry Markets
2 Class-A Properties in High Barrier to Entry Markets Core Market Locations(1) Seniors Housing Triple-Net Skilled Nursing/Post Acute • Located in highly affluent markets primarily within top 31 MSAs of Medical Office respective countries Seniors Housing Operating Hospital • Approximately 50% of the
Slide 6: Strong NOI Growth and Value Creation Opportunity
3 Strong NOI Growth and Value Creation Opportunity • Property level NOI expected to increase 4% 5%- per Strong NOI Growth year over the long term • Growth captured by Health Care REIT through RIDEA Opportunity structure • Re-finance higher priced near-term maturities in Value Creation both owned and
Slide 7: Embedded Investment Pipeline in Excess of $2 Billion
Embedded Investment Pipeline in Excess of $2 Billion • Real estate pipeline of more than $2 billion to be realized over time by purchasing additional interests from existing Sunrise joint venture partners • In addition to 20 wholly owned properties, acquiring on average 28% interest in 105 joint ven
Slide 8: Enhanced Diversification and Private Pay Component
Enhanced Diversification and Private Pay Component HCN (6/30/12) HCN Pro Forma Including Sunrise Life Science Life Science Hospital 2% Hospital 2% 6% Senior 5% Seniors Housing Triple- Housing Net Medical Office Operating Medical Office 27% 18% 30% 21% Skilled Nursing/ Senior Skilled Post-Acute 20% S
Slide 9: Complements Best-in-Class Operator Base
Sunrise Complements Best-in-Class Operator Base 15 of 22 (1) 90% 2012 ALFA Best of the Best Of our MOB portfolio is award recipients are HCN affiliated with a health operating partners; 10 of 15 system; 86% of the health award recipients are proprietary systems are investment grade HCN relationships
Slide 10: Transaction to Meaningfully Advance Strategic Objectives
Sunrise Transaction to Meaningfully Advance Strategic Objectives An Opportunity For Health Care REIT to Further Deliver on Strategic Objectives 1 2 Class-A Properties in Accelerating the Portfolio High Barrier to Entry Transformation Markets 6 3 Complementary to Best- Strong NOI Growth and in-Class
Slide 11: Additional Information and Where to Find It
Sunrise Senior Living Acquisition Additional Information and Where to Find It In connection with this proposed transaction, a proxy statement will be filed by Sunrise with the United States Securities and Exchange Commission ("SEC"). Investors are urged to carefully read the proxy statement and any
Slide 12: Forward-Looking Statements and Risk Factors
Forward-Looking Statements and Risk Factors This document may contain “forward-looking”statements as defined in the Private Securities Litigation Reform Act of 1995. When the company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “project”, “estimate” or sim
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