Brookdale Senior Living Ownership Clarification Regarding Wesley R. Edens
Company Release - 12/9/2008 8:00 AM EST
NEW YORK, Dec. 9 /PRNewswire-FirstCall/ -- Fortress Investment Group LLC (NYSE: FIG) corrects recent press coverage concerning a transaction in 8,215,358 shares of Brookdale Senior Living Inc. (NYSE: BKD) reported on Wesley R. Edens' Form 4 filing on December 2, 2008. Contrary to certain press reports, Mr. Edens did not decrease his interest in Brookdale as a result of such transaction. Although the transaction was technically required to be reported as a "sale," the net effect of the transaction actually increased Mr. Edens' financial interest in the Brookdale shares transferred. As indicated in footnote 11 of that form, the 8,215,358 shares of Brookdale sold by one entity in which Mr. Edens has an indirect interest were simultaneously purchased by a limited liability company in which Mr. Edens is a one-third owner.
Fortress is a leading global alternative asset manager with approximately $34.3 billion in assets under management as of September 30, 2008. Fortress manages private equity funds and hedge funds. Fortress was founded in 1998. For more information regarding Fortress Investment Group LLC or to be added to our e-mail distribution list, please visit www.fortress.com.
SOURCE Fortress Investment Group LLCContact: Lilly H. Donohue of Fortress Investment Group LLC, +1-212-798-6118