Tranche Update on Brookdale Senior Living Inc.'s Equity Buyback Plan announced on November 1, 2016.

Brookdale Senior Living Inc. is a premier operator of senior living communities, operating and managing 652 communities in 41 states. The Company operates independent living, assisted living, memory care, and continuing care retirement communities. It operates through three segments: Assisted Living and Memory Care, continuing care retirement communities (CCRCs). The Company's Independent Living segment includes owned or leased communities that are primarily designed for middle to upper income seniors who desire to live in a residential setting that feels like home, without the efforts of ownership. The Company's Assisted Living and Memory Care segment includes owned or leased communities that offer housing and 24-hour assistance with activities of daily living for the Company's residents. The CCRCs segment includes large owned or leased communities that offer a variety of living arrangements and services to accommodate a broad spectrum of physical ability and healthcare needs.