June 16, 2006

Brookdale Senior Living Inc. files $700 million follow-on and $85 million secondary offerings with SEC.

On June 15, it was announced that Brookdale Senior  Living Inc. filed a $700 million follow-on and an $85 million secondary offering with the Securities and Exchange Commission.  A multidisciplinary team of Willkie specialists advised the underwriters, comprising Goldman Sachs & Co., Lehman Brothers Inc., Citigroup Global Markets Inc., JP Morgan Securities Inc., UBS Securities LLC and Cohen & Steers Capital Advisors LLC.  The offerings, along with the $650 million in equity Brookdale will receive from majority shareholder Fortress Investment Group LLC, will help pay for its recently announced $1.2 billion acquisition of American Retirement Corp., creating the largest operator of senior living facilities in the U.S.  Brookdale  operates 450 facilities in 32 states.  The transactions were handled by corporate partner Steven Seidman; corporate associates Nicole Napolitano, Thomas O'Grady and Carla Rothenberg; real estate associates Lawrence Plotkin, Aileen Moyano, and Debra Sapp; and litigation associate Darren Gibson.