I'm betting HCP settles for a chunk of change going into the Sunrise coffers. Any Judge or jury can see what this is all about,they just don't want to pay Sunrise to manage the properties until 2030. To damn bad HCP,that was IN the contract when you bought the properties.
That claim of Sunrise letting the places fall apart and bad care for residents is BS and bogus. Tour one of their properties,these places look like a high end resort for old folks.
I suppose their contracts are water-tight, so the lawsuit shouldn't be that much of a problem. I am looking forward to hearing what Ventas has to say on their announcement, so that we get a better understanding of how Sunrise communities ar expected to perform in the next 6-12 months. Market is down this week, so I do not expect a huge movement above $5.20 or so. However, better times are coming and with the market upswing in the next 2 months, we should see much higher prices.