Selected Total Portfolio Revenues under Q4 07 Q4 06
Management (5)
Communities managed for third-party
owners $233.4 $233.0 0.0 %
Communities in ventures 268.4 238.9 12.3 %
Consolidated communities 114.9 104.2 10.3 %
Total revenue of communities under
management $616.7 $576.1 7.0 %
Number of Development Communities to be
Opened (Resident Capacity) Q1 08 Q2 08 Q3 08 Q4 08
Consolidated communities - 3(274) 1(80) 2(194)
Venture communities 6(581) 3(348) 2(580) 3(250)
Managed communities - 2(550) 1(233) -
Notes
(1) During the fourth quarter of 2007, Sunrise opened seven communities.
There were also three management contracts terminated in the fourth
quarter and one Greystone contract that had a change in ownership.
(2) Same-community portfolio consists of all communities in which Sunrise
has an ownership interest and were stabilized in the fourth quarter of
2007 and 2006. This includes consolidated communities and communities
in ventures. The Company defines stabilized communities as
communities that are open for 12 months or achieving 95 percent
occupancy, whichever occurs first.
(3) 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.
(4) Average daily rate is per resident and excludes community fees.
(5) Includes revenue for all communities operated by Sunrise.
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