50 LARGEST U.S. SENIORS HOUSING MANAGERS AS OF JULY 1, 2004

Rank Company CEO 2004 Units 2004 Properties
1 Sunrise Senior Living
McLean, VA
Paul J. Klaassen 39,310 374
2 Colson & Colson/Holiday Retirement Corp.
Salem, OR
William E. Colson 34,962 294
3 Professional Community Management (PCM)
Lake Forest, CA
Jeffrey B. Olsen 24,802 13
4 Life Care Services, LLC
Des Moines, IA
Stan Thurston 23,381 81
5 Emeritus Assisted Living
Seattle, WA
Daniel R. Baty 14,709 174
6 Atria Senior Living Group
Costa Mesa, CA
Douglas M. Pasquale 13,822 131
7 Alterra Healthcare Corporation
Milwaukee, WI
Mark Ohlendorf 13,789 315
8 American Retirement Corporation
Brentwood, TN
W.E. Sheriff 13,062 66
9 Erickson Retirement Communities
Baltimore, MD
John C. Erickson 11,664 12
10 Brookdale Living Communities, Inc.
Chicago, IL
Mark J. Schulte 11,499 62
11 Five Star Quality Care, Inc.
Newton, MA
Evrett W. Benton 9,167 48
12 Sunwest Management, Inc.
Salem, OR
Jon M. Harder 8,653 118
13 Merrill Gardens
Seattle, WA
William Pettit 7,777 65
14 Evangelical Lutheran Good Samaritan Society
Sioux Falls, SD
David Horazdovsky 6,893 123
15 Assisted Living Concepts, Inc.
Dallas, TX
Steven L. Vick 6,838 177
16 ACTS Retirement-Life Communities, Inc.
West Point, PA
Rev. George R. Gunn, Jr. 6,646 17
17 Simpson Housing Solutions, LLC
Long Beach, CA
Michael A. Costa 6,514 69
18 Greystone Communities, Inc.
Irving, TX
Michael B. Lanahan 6,473 23
19 Capital Senior Living Corporation
Dallas, TX
Lawrence A. Cohen 6,122 42
20 The Fountains
Tucson, AZ
David Freshwater 6,108 21
21 Senior Lifestyle Corporation
Chicago, IL
William B. Kaplan 5,648 46
22 CRSA Management, LLC
Memphis, TN
Earl Wade 5,616 23
23 The Shelter Group, LLP
Baltimore, MD
Arnold I. Richman 5,306 47
24 Classic Residence by Hyatt
Chicago, IL
Penny S. Pritzker 5,249 17
25 Covenant Retirement Communities
Chicago, IL
Rick K. Fisk 4,598 15
26 USA Properties Fund, Inc.
Roseville, CA
Geoffrey C. Brown 4,507 31
27 Leisure Care, LLC
Bellevue, WA
Dan B. Madsen 4,254 30
28 Horizon Bay Senior Communities
Tampa, FL
Thilo D. Best 4,210 23
29 Retirement Housing Foundation
Long Beach, CA
Dr. Laverne R. Joseph 4,169 19
30 American Lifestyles, Inc.
Cleveland, TN
Forrest L. Preston 4,034 32
31 Hearthstone Assisted Living, Inc.
Houston, TX
Timothy P. Hekker 3,908 33
32 LifeTrust America, Inc.
Nashville, TN
W. Patrick Mulloy II 3,593 59
33 First Centrum, LLC
Sterling, VA
Mark L. Weshinskey 3,565 31
34 Kisco Senior Living
Carlsbad, CA
Andrew S. Kohlberg 3,536 23
35 Southern Assisted Living, Inc.
Chapel Hill, NC
Chris Hollister 3,295 45
36 American House Senior Living Residences
Bloomfield Hills, MI
J. Robert Gillette 3,164 31
37 American Baptist Homes of the West
Pleasanton, CA
David B. Ferguson 3,066 12
38 Renaissance Senior Living
Irvine, CA
J. Scott Reid 3,056 21
39 Southern California Presbyterian Homes
Glendale, CA
Jerry Dingivan 3,016 32
40 Summerville Senior Living, Inc.
San Ramon, CA
Granger Cobb 3,002 33
41 Front Porch
Burbank, CA
Mort Swales/Gary Wheeler 2,944 13
42 National Benevolent Association of the Christian Church
St. Louis, MO
Cynthia R. Dougherty 2,888 11
43 Americare
Sikeston, MO
Clay Crosson 2,840 77
44 Justus Rental Properties, Inc.
Indianapolis, IN
Walter Justus 2,806 9
45 Encore Senior Living, LLC
Portland, OR
Peter Muhlbach 2,633 41
46 United Methodist Homes & Affiliates
Shelton, CT
Robert L. Clapp 2,625 17
47 George M. Leader Family Corp.
Hershey, PA
G. Michael Leader III 2,497 11
48 Benchmark Assisted Living
Wellesley, MA
Thomas H. Grape 2,463 33
49 Aegis Senior Communities
Redmond, WA
Dwayne J. Clark 2,443 31
50 Newton Senior Living, LLC
Needham, MA
Michael A. Stoller 2,410 27