Sunrise Files 2007 Form 10-K( Reports Preliminary Selected Fina...),Health

Reports Preliminary Selected Financial and Operating Data for Second

Quarter 2008

Annual Overhead Cost Savings of $15 to $20 Million Targeted

MCLEAN, Va., July 31 /PRNewswire-FirstCall/ -- Sunrise Senior Living, Inc. (NYSE: SRZ) today announced that it has filed its Form 10-K for the year ended December 31, 2007 with the Securities and Exchange Commission ("SEC"). The Company also reported preliminary selected financial and operating data for second quarter 2008. Sunrise will host a conference call and webcast to discuss today's announcements on Friday, August 1, 2008 at 9:00 a.m. ET.

"We are pleased to have met the bank deadline to file our 2007 Form 10-K, bringing us one step closer to becoming current in our SEC filings," said Paul Klaassen, founder and chief executive officer of Sunrise. "We have been working through a series of difficult issues and are fortunate to have a strong management team and a good plan in place to help us set a new course for Sunrise."

"We have a strategic plan in place to focus on the profitability of our core business, scale back new development and reduce overhead and our overall cost structure while continuing to provide excellent service to seniors," said Mark Ordan, Sunrise's chief investment and administrative officer. "We will invest judiciously in future growth and manage our existing portfolio efficiently to drive profitability."

As previously announced, Mark Ordan will become chief executive officer of Sunrise when Paul Klaassen transitions to non-executive chairman of the board, effective at the next annual meeting of Sunrise shareholders expected to take place in November 2008.

The Company reported revenues of $1.7 bill
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