FVE ig going to get traction.
look at the lasrt 4th qtr report they have a 25.1 million gain to take in 1st quarter 2009 and look at the growth in facilitiel owned also the growth in properties managed

this allcame about in the last half & last month of 2008

The losl in 4th quarter was Good will & other un realized losses.

moving up soon and if you wait 2 more weeks it will be too late.

Three months ended
December 31,
Year ended
December 31,

2008 2007 2008 2007
Number of senior living communities (2) (end of period):
Assisted and independent living communities, owned 23 13 23 13
Assisted and independent living communities, leased 138 101 138 101
Total number of assisted and independent living communities 161 114 161 114


Skilled nursing communities, owned 2 2 2 2
Skilled nursing communities, leased 47 47 47 47
Total number of skilled nursing communities 49 49 49 49

Total number of senior living communities 210 163 210 163

Number of senior living units (end of period):
Assisted and independent living communities, owned 1,975 1,068 1,975 1,068
Assisted and independent living communities, leased (3) 15,879 12,607 15,879 12,607
Total number of assisted and independent living units 17,854 13,675 17,854 13,675

Skilled nursing communities, owned 271 271 271 271
Skilled nursing communities, leased (4) 4,139 4,133 4,139 4,133
Total number of skilled nursing units 4,410 4,404 4,410 4,404

Total number of senior living units 22,264 18,079 22,264 18,079

Senior living revenues:
Assisted and independent living communities $ 179,998 $ 140,773 $ 663,744 $ 549,622
Skilled nursing communities 66,841 66,203 263,909 254,756
Other (5) 1,995 1,679 7,740 5,556
Total senior living revenues $ 248,834 $ 208,615 $ 935,393 $ 809,934
Assisted and independent living communities occupancy 88.1 % 91.1 % 88.6 % 91.1 %
Assisted and independent living communities ADR $ 129.41 $ 124.34 $ 129.06 $ 122.40
Assisted and independent living communities ADR % growth 4.1 % - 5.4 % -