Press Release
November 3, 2005

Affiliate of Epoch Senior Living Completes the Sale of Eight Senior Living Communities

BOSTON, Nov. 3, 2005 – An affiliate of Epoch Senior Living Inc., a national provider of senior living options, today completed the sale of eight senior living communities to American Retirement Corporation, a leading provider of senior living housing and care. The aggregate purchase price was $138 million plus customary transaction expenses. The acquisition adds 831 units in eight communities that are located in Arizona (2), Colorado, Georgia, Kansas, Minnesota, Nevada and Texas.

David Henken and Andrew Sucoff represented Epoch Senior Living in this matter.