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.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.