F O R T R E S S
Investment Group LLC
FOR RELEASE
Contact:
Lilly H. Donohue
Vice President
212 798-6118
OFFER FOR BROOKDALE LIVING COMMUNITIES
EXTENDED UNTIL 5:00 P.M. TODAY
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NEW YORK, SEPTEMBER 6, 2000 - Fortress Brookdale Acquisition LLC
("Purchaser"), a joint venture owned by an affiliate of Fortress Investment
Fund LLC and an affiliate of Capital Z Partners, announced today that it
was extending until 5:00 P.M. New York City time today, September 6, 2000,
its tender offer to purchase any and all shares of Brookdale Living
Communities, Inc. which was previously scheduled to expire at midnight
yesterday. As of the close of business yesterday, approximately 5,738,768
shares had been tendered which, together with the shares already owned by
Purchaser, constituted approximately 98% of the outstanding shares of
Brookdale Living Communities, Inc. The Offer was extended to permit the
filing of additional information regarding affiliates of Purchaser who
could be deemed to be co-bidders. Purchaser intends to purchase the shares
tendered promptly following expiration of the Offer.
