Brookdale Announces Fourth Quarter and Full Year 20...(December 31 December 31 ...),Health

2007 2006 2007 2006

Revenue

Resident fees $467,446 $429,801 $1,832,507 $1,304,296

Management fees 2,012 2,459 6,789 5,617

Total revenue 469,458 432,260 1,839,296 1,309,913

Expense

Facility operating (excluding

depreciation and amortization

of $60,746, $69,962, $271,466

and $179,850, respectively) 309,265 276,383 1,170,937 819,801

General and administrative

(including non-cash stock-

based compensation expense of

$(6,037), $13,987, $20,113

and $26,612, respectively) 26,869 44,439 138,013 117,897

Facility lease expense 68,263 72,799 271,628 228,779

Depreciation and amortization 65,235 74,000 299,925 188,129

Total operating expense 469,632 467,621 1,880,503 1,354,606

Loss from operations (174) (35,361) (41,207) (44,693)

Interest income 2,441 3,101 7,519 6,810

Interest expense:

Debt (36,989) (29,173) (143,991) (97,694)

Amortization of deferred

financing costs (2,186) (1,882) (7,064) (5,061)

Change in fair value of

derivatives and amortization (42,329) 1,384 (73,222) (38)

Loss on extinguishment of debt (1,880) 1,222 (2,683) (1,526)

Equity in loss of

unconsolidated ventures (1,023) (1,419) (3,386) (3,705)

Other non-operating income 164 - 402 -

Loss before income taxes (81,976) (62,128) (263,632) (145,907)

Benefit for income taxes 32,852 25,004 101,260 38,491

Loss before minority interest
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