Sunrise REIT announces expected date for court decision and HCP'S current intention regarding their offer

    TORONTO, March 2 /CNW/ - Sunrise Senior Living Real Estate Investment
Trust ("Sunrise REIT") (TSX:SZR.UN) announced today that it currently expects
to receive the Court's decision regarding the court proceedings involving,
among others, Sunrise REIT, Ventas, Inc. ("Ventas") and Health Care Property
Investors, Inc. ("HCP") that were heard yesterday on either Monday, March 5,
2007 or Tuesday, March 6, 2007.
    In addition, counsel for HCP stated in open Court yesterday that it was
HCP's intention to leave open its conditional offer to acquire Sunrise REIT
until after the unitholder meeting that has been called to consider the Ventas
proposal. There can be no assurance that any such offer would be permitted to
stand and/or would be completed, or that HCP's intentions would not change.
Moreover, there can be no assurances as to the results of the Court

    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.

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