Capital Senior Living Corporation Announces a Four Community Lease Transaction

Capital Senior Living Corporation

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.

. 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