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Sunrise Files 2007 Form 10-K
Date:7/31/2008

Notes

(1) During the second quarter of 2008, Sunrise opened seven communities. There were also three management contracts terminated in the second quarter.

(2) There are certain communities that operate under multiple licenses and have multiple buildings on the same grounds, some of which the Company acquired in our acquisition of Marriott Senior Living Services in 2003. These communities were previously counted as more than one community in our community count. We have now determined that we will count all communities with more than one licensed building as one community resulting in a reduction in the community count by 18 communities for 2007 in order to better reflect the way the communities are managed. There is no change in resident capacity counts and no impact on financial reporting related to the change. All references to the number of communities, regardless of period, reflect this change.

(3) Same-community portfolio consists of all communities in which Sunrise has an ownership interest in and that were open for at least 12 months or had achieved 95% occupancy (whichever was sooner) as of the second quarter of 2008. This includes consolidated communities and communities in ventures.

(4) Community operating expense excludes management fees paid to Sunrise with respect to same-community ventures in order to make comparisons between consolidated and venture communities consistent.

(5) Average daily rate now includes resident room fees, extended care fees and community fees. Average daily rate was adjusted retroactively to include community fees, which are amortized over a one-year period.


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SOURCE Sunrise Senior Living, Inc.
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