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Brookdale Board of Directors Authorizes $150 Million Share Repurchase Program
Date:3/19/2008

-Declares First Quarter Common Stock Dividend of $0.25-

CHICAGO, March 19 /PRNewswire-FirstCall/ -- Brookdale Senior Living Inc. (NYSE: BKD) today announced that its Board of Directors has approved a share repurchase program that authorizes the Company to purchase up to $150 million in the aggregate of the Company's common stock.

Bill Sheriff, Brookdale's Chief Executive Officer, said, "As we discussed on our recent earnings call, we believe that our current share price reflects a substantial discount to our net asset value given the quality, location and performance of our assets and the long term growth prospects of our business. This repurchase authorization underscores our confidence in our business and our continued commitment to maximizing value for our long-term shareholders."

The Company also announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.25 per share for the quarter ending March 31, 2008. The $0.25 per share dividend is payable on April 14, 2008 to holders of record of Brookdale's common stock on March 31, 2008.

Mr. Sheriff further commented, "In order to partially fund the repurchase program, we have reduced our quarterly dividend payment from $0.50 per share to $0.25 per share. Our Board and senior management understand the responsibility to our shareholders to use their capital in a manner that best creates long-term shareholder value. Our opinion is that utilizing a portion of the cash that would otherwise be returned to shareholders in the form of dividends for share repurchases is consistent with that obligation given our current share price."

The share repurchase program is intended to be implemented through purchases made
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SOURCE Brookdale Senior Living Inc.
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