Sunrise REIT Announces March Distribution

    TORONTO, March 16, 2007 /CNW/ - Sunrise Senior Living Real Estate
Investment Trust (TSX: SZR.UN) today announced a cash distribution of $0.0729
per unit for the month of March 2007. The distribution will be payable on
April 16, 2007 to unitholders of record as at March 30, 2007.
    As was announced on January 15, 2007, the distribution reinvestment plan
has been suspended as a result of the pending transaction with Ventas, Inc.

    About Sunrise Senior Living REIT

    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. The REIT
will also directly acquire interests in newly developed senior living
communities through development and financing arrangements with Sunrise Senior
Living, Inc.

    Certain statements contained in this news release may include
forward-looking information with respect to the REIT's operations and future
financial results. Such statements are based on current expectations, are
subject to a number of uncertainties and risks, and actual results may differ
materially from those contained in such statements. These uncertainties and
risks include, but are not limited to, availability of resources, competitive
pressures, changes in market activity and regulatory requirements. Further
information can be found in disclosure documents filed by the REIT with
regulatory authorities, available at

    %SEDAR: 00021404E

For further information:

For further information: D. Lee McCreary, Jr., Executive Vice President
and Chief Financial Officer,; Toll-free investor
relations phone: 1-866-734-8797;

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