Sunrise REIT Announces HCP appeal of Court Decision

    TORONTO, March 14 2007 /CNW/ - Sunrise Senior Living Real Estate
Investment Trust ("Sunrise REIT") (TSX:SZR.UN) announced today that Health
Care Property Investors, Inc. ("HCP") is also appealing the Decision of the
Ontario Superior Court of Justice involving, among others, Sunrise REIT,
Ventas, Inc., HCP, and Sunrise Senior Living, Inc. HCP has served a Notice of
Cross Appeal on the parties.
    On March 7, 2007, in a letter to the Chairman of Sunrise REIT, HCP had
withdrawn its proposal to purchase the assets of Sunrise REIT. In its press
release announcing the withdrawal, HCP noted that it had reviewed the Court
Decision and would comply with the Court Decision in all respects.
    The motion for Sunrise REIT's request for an expedited hearing of the
appeal will be heard today. There can be no assurances as to the results of
the motion or the appeal.

    About Sunrise REIT (TSX: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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