CHICAGO, Nov. 21 /PRNewswire-FirstCall/ -- Brookdale Senior Living Inc. (NYSE:BKD), today announced its initial public offering of 11,072,000 shares of common stock priced at $19.00 per share. 6,900,000 shares of common stock will be issued and sold by Brookdale, and 4,172,000 shares will be sold by selling stockholders. Brookdale Senior Living Inc. also granted the underwriters an option to purchase up to 1,660,800 shares of common stock to cover over-allotments, if any. The shares will begin trading on November 22, 2005, on the New York Stock Exchange under the symbol "BKD." The offering is expected to close on November 28, 2005. Goldman, Sachs & Co. and Lehman Brothers Inc. are acting as representatives for the underwriters of this offering. Citigroup Global Markets Inc. and UBS Securities LLC are acting as co-managers. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission. Copies of the prospectus related to the offering may be obtained from the Prospectus Department of Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004, fax number: (212) 902-9316 or through Lehman Brothers' Prospectus Fulfillment Department c/o ADP Financial Services, 1155 Long Island Avenue, Edgewood, NY 11717, fax number: (631) 254-7268. Brookdale Senior Living Inc. is the third largest operator of senior living facilities in the United States based on total capacity with 380 facilities in 32 states and the ability to serve over 30,000 residents. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not necessarily limited to, statements regarding the closing of the offering, the anticipated issuance of shares by Brookdale and other statements that are not historical facts. Words such as "anticipate(s)," "expect(s)," "intend(s)," "plan(s)," "target(s)," "project(s)," "believe(s)," "seek(s)," "estimate(s)" and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of factors that could lead to actual results materially different from those described in the forward-looking statements; Brookdale can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Brookdale's expectations include, but are not limited to, (a) customary closing conditions and (b) such other risk factors as may be discussed in the final prospectus relating to the offering and subsequent reports filed with the Securities and Exchange Commission. Such forward- looking statements speak only as of the date of this press release. Brookdale expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Brookdale's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based. DATASOURCE: Brookdale Senior Living Inc. CONTACT: Francie Nagy, Investor Relations contact for Brookdale Senior Living Inc., +1-212-515-4625

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