In December 2011, Senior Housing Property Trust purchased eight of Vi’s rental communities;[8] In August 2012, Senior Housing Properties Trust purchased the remaining ninth rental community located in Yonkers, New York.
After the sale was announced, the SeniorCare Investor reported that Vi’s ownership “wanted to sell the entire entity,” but “the valuations from buyers for the entrance-fee CCRCs were not close to what the seller wanted to get” and that Vi “would put those on the backburner” to focus on selling the rentals.[9]
Vi has historically been owned by the Pritzker family trusts. In the last five years, the Pritzker family has sold over $12 billion in assets, presumably pursuant to the family's contentious settlement that splits up their business empire.[10] The National Real Estate Investor has speculated that the dissolution of the Pritzker family empire means that Vi “could be getting ready to exit the seniors housing market altogether.”[11]