EXHIBIT 99.1 Contact: FOR IMMEDIATE RELEASE Francie Nagy Investor Relations Tel: +1-212-515-4625 Brookdale Establishes $330 Million Senior Secured Credit Facility ----------------------------------------------------------------- Chicago, IL. February 10, 2006 - Brookdale Senior Living Inc. (NYSE: BKD) announced today that it established a $330 million credit facility with Lehman Brothers Inc., Goldman Sachs, Citigroup and LaSalle Bank. The facility is comprised of an $80 million working capital line and a $250 million acquisition line. "We are pleased to establish this line of credit," said Mark J. Schulte, Brookdale's Chief Executive Officer. "This new facility provides us with increased financial flexibility to support Brookdale's growth." Since its IPO in November 2005, Brookdale has purchased or has committed to purchase $743 million in senior housing assets representing 9,015 units/beds (subject, in certain cases, to the completion of due diligence). If all transactions were to close, Brookdale would invest approximately $314 million of cash in these transactions. About Brookdale Senior Living Brookdale Senior Living Inc. is a leading owner and operator of senior living facilities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. The Company owns and operates independent, assisted and dementia-care facilities, with a total of 381 facilities in 31 states and the ability to serve approximately 30,000 residents. 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 relating to our ability to close the acquisition, satisfaction of closing conditions, obtaining consents, the exercise of our due diligence termination rights, and the timing of the closing of the acquisition. Words such as "expect(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, whether conditions to the closing of the transaction will not be satisfied and other risks detailed from time to time in Brookdale's SEC reports. 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 Company's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based. For more information regarding Brookdale and to be added to our email distribution list, please visit http://www.brookdaleliving.com.