Capital Senior Living Corporation Announces a Four Community Lease Transaction

Capital Senior Living Corporation CSU announced today that joint ventures in which it holds a five percent partnership interest, have entered into an agreement to sell four senior living communities to Health Care REIT, Inc. HCN. Upon closing the transaction, anticipated in the first quarter of 2011, the Company will lease the communities from HCN. The Company currently manages the Spring Meadows Communities under long-term management agreements. Highlights of this transaction include: Sales proceeds, including incentive distributions, total approximately $17.0 million, compared to original investment of $1.3 million. Increases annual revenue by $26.0 million. Adds $12.2 million of EBITDAR. Additional CFFO of $0.7 million, or $0.03 per share. Incremental earnings of $1.9 million, or $0.07 per share