Brookdale Senior Living Inc. announced last week that the Company’s average occupancy for the fourth quarter of 2008 was flat with the third quarter of 2008 and that the Company experienced a growth in revenue per unit.
Bill Sheriff, Brookdale’s CEO, said, “During the quarter, in spite of a challenging market environment, we retained the significant occupancy increase of the prior period and held our average occupancy flat at approximately 89.7%. Our revenue per unit for the fourth quarter of 2008 grew approximately 3% over the fourth quarter of 2007, excluding the ancillary services business. Including the ancillary services business, the fourth quarter revenue per unit growth was approximately 5.5%.”
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