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Fox Hill Senior Condominium Development Thrives During National Housing Slump
Date:2/19/2008

Upscale Independent Living Condominiums and Assisted Living Rental Suites

On Track to Open in Late 2008

BETHESDA, Md., Feb. 19 /PRNewswire-FirstCall/ -- Fox Hill Senior Condominium Community in Bethesda, MD, developed and managed by Sunrise Senior Living, Inc. (NYSE: SRZ), continues to thrive during one of the nation's largest housing slumps, as more than 140 condominiums have already been reserved to date and construction on the community is at 70 percent completion.

(Photo: http://www.newscom.com/cgi-bin/prnh/20080219/NETU008 )

Fox Hill is an equity-based independent living condominium community with a separate and distinct area of the community offering short-term and long-term assisted living rental suites for seniors requiring assistance with daily living activities or memory care. This community will offer seniors age 60 and older an upscale lifestyle by combining a prime Bethesda, MD location built on 16.4 wooded acres of forest preserve, with luxury condominium residences, extensive amenities and personalized services.

In addition to the Federal Reserve's recent decision to lower interest rates coupled with the fact that housing prices in the Bethesda, MD area continued to grow in 2006 and 2007 when other DC-metro area housing prices fell, Sunrise also attributes the condominium's success to the local area's demand for distinctive and high-quality service and living options for the active senior.

"Seniors today are active, engaged in their communities and demand a variety of lifestyle options," said Paul Klaassen, Sunrise's founder and CEO. "Fox Hill's extraordinary amenities and services, as wel
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SOURCE Sunrise Senior Living, Inc.
Copyright©2008 PR Newswire.
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