2008 ASHAPORTFOLIO PROFILE

LARGEST POSITIVE MOVEMENT IN RANK

Owners

Emeritus Senior Living

2007 Rank	25
2008 Rank	11
Positions Moved:	14
% increase in # of units owned:	47.72%

The Evangelical Lutheran Good Samaritan Society

2007 Rank	19
2008 Rank	15
Positions Moved:	4
% increase in # of units owned:	10.89%

Presbyterian Homes & Services

2007 Rank	24
2008 Rank	21
Positions Moved:	3
% increase in # of units owned:	7.21%

Senior Housing Properties Trust

2007 Rank	9
2008 Rank	7
Positions Moved:	2
% increase in # of units owned:	6.83%

Managers

Erickson Retirement Communities

2006 Rank	10
2007 Rank	7
Positions Moved:	3
% increase in # of units managed:	31.23%

Five Star Quality Care, Inc.

2006 Rank	9
2007 Rank	8
Positions Moved:	1
% increase in # of units managed:	29.42%

Asbury Communities

2006 Rank	41
2007 Rank	32
Positions Moved:	9
% increase in # of units managed:	18.56%

Life Care Retirement Communities, Inc.

2006 Rank	46
2007 Rank	36
Positions Moved:	10
% increase in # of units managed:	18.53%

Owners/Units		Managers/Units
▪ Median Portfolio Size	4,727	▪ Median Portfolio Size	5,022
▪ Mean Portfolio Size	8,320	▪ Mean Portfolio Size	9,125
▪ Portfolio Size of Largest Owner	31,875	▪ Portfolio Size of Largest Manager	51,857
▪ Portfolio Size of Owner Ranked #50	2,205	▪ Portfolio Size of Manager Ranked #50	2,284