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Brookdale Announces Third Quarter 2007 Results
Date:11/7/2007

t longer licensing processes have delayed these starts. Despite the delays, we remain optimistic about the potential income from these services and expect to see meaningful contribution in 2008."

Since the beginning of the year, the Company has opened expansions at five communities with a total of 213 units representing $35 million of project costs. Expansions opened since the first quarter were 82% occupied as of the end of the quarter. The Company currently has eight expansion projects with a total of 191 units/beds, representing $43 million of project costs, under construction.

During the quarter, the Company completed the acquisition of three facilities located in South Carolina and Oklahoma for approximately $9.8 million. The facilities were previously operated by the Company under long term operating lease agreements. Additionally, the Company acquired a skilled nursing property adjacent to a current Brookdale community, which already offered independent living and assisted living, for approximately $7.5 million. Subsequent to the end of the quarter, Brookdale acquired an independent living facility with 113 units that it previously managed for $3.9 million. So far this year, the Company has acquired 14 communities with a total of 2,043 units/beds for an aggregate cost of approximately $215 million.

Earnings Conference Call

Brookdale's management will conduct a conference call on Thursday, November 8, 2007 to review the financial results for the three and nine months ended September 30, 2007. The conference call is scheduled for 10:00 AM ET. All interested parties are welcome to participate in the live conference call. The conference call can be accessed by dialing (866) 550-6338 (from within the U.S.) or (347) 284-6930 (from outside of the U.S.) ten minutes prior to the scheduled start and referencing the "Brookdale Senior Living Third Quarter Earnings Call."

A webcast of the conference call will be available to the public on a l
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SOURCE Brookdale Senior Living Inc.
Copyright©2007 PR Newswire.
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