Brookdale Senior Living Announces Acquisition Of 17 Leased Communities And Refinances All Mortgage Debt Maturities Until 2028; To Buy 17 Senior Living Communities For $157M

735-unit portfolio acquisition expands owned real estate platform and reduces leased portfolio

$249 million fixed-rate financing proactively addresses all remaining mortgage debt maturities until 2028

BRENTWOOD, Tenn., Aug. 5, 2026 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE:BKD) ("Brookdale" or the "Company") today announced transactions that further strengthen the Company's real estate ownership position and capital structure.

Portfolio Acquisition

• Brookdale entered into a definitive agreement to acquire the real estate of 17 senior living communities currently leased and operated by the Company for a purchase price of approximately $157 million.
• The 17-community portfolio is comprised of 735 units, the majority of which complement other Brookdale locations.
• The acquisition advances Brookdale's strategy to increase ownership of high-quality communities within its existing operating footprint at prices well below replacement cost.
• The transaction is expected to close during the fourth quarter of 2026 and to be funded with non-recourse mortgage financing and cash on hand.
• Brookdale's share of owned units is expected to be approximately 77% after giving effect to the transaction.
• The Company expects this transaction to reduce 2027 annual cash rent payments by approximately $11 million, with a commensurate increase to Adjusted EBITDA.

Agency Financing

• Brookdale obtained $249 million of fixed-rate financing from Fannie Mae through JLL, with proceeds used to refinance $244 million of mortgage debt scheduled to mature in 2027.
• Following this refinancing, the Company has no additional mortgage debt maturities until 2028.