Disclaimer

Certain items on this website may contain “forward-looking” statements as that term is defined in the federal securities laws. These forward-looking statements concern: management’s outlook concerning our future earnings and funds from operations; the possible expansion of our portfolio; the performance of our operators and properties; our ability to enter into agreements with new viable operators for properties which we take back from financially troubled operators, if any; our ability to make distributions; our policies and plans regarding investments, financings and other matters; our tax status as a real estate investment trust; our ability to appropriately balance the use of debt and equity; and our ability to access capital markets or other sources of funds. When we use words such as “believe,” “expect,” “anticipate,” “estimate” or similar expressions, we are making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Our expected results may not be achieved, and actual results may differ materially from our expectations. This may be a result of various factors, including, but not limited to: the status of the economy; the status of capital markets, including prevailing interest rates; compliance with and changes to regulations and payment policies within the health care industry; changes in financing terms; competition within the health care and senior housing industries; changes in federal, state and local legislation; and the risks described above and in our Annual Report on Form 10-K for the year ended December 31, 2005. We assume no obligation to update or revise any forward-looking statements or to update the reasons why actual results could differ from those projected in any forward-looking statements.

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