TORONTO, March 20, 2007 /PRNewswire-FirstCall/ – Sunrise Senior Living Real Estate Investment Trust (“Sunrise REIT”) (TSX:SZR.UN) announced today that the appeal of Sunrise REIT and supporting cross appeal of Health Care Property Investors, Inc. were argued today before the Ontario Court of Appeal. The Court of Appeal reserved its decision and gave an indication that the panel would attempt to deliver its decision on either Friday, March 23, 2007 or Monday, March 26, 2007 in light of the unitholders meeting scheduled for Friday, March 30, 2007. However there is no assurance either that the decision will be rendered on either of those two days or as to the results of the appeal.
About Sunrise REIT (TSZ:SZR.UN)
Sunrise REIT was formed to indirectly acquire, own and invest in
income-producing senior living communities in major metropolitan markets
and their surrounding suburban areas in Canada and the United States.
Sunrise REIT owns 74 senior living communities, 11 in Canada and 63 in the United States. All of Sunrise REIT’s senior living communities are managed by Sunrise Senior Living, Inc. one of the largest providers of senior living services in North America. Sunrise REIT also directly acquires interests in newly developed senior living communities through development and financing arrangements with Sunrise Senior Living, Inc.