Milestone Retirement News

FOR IMMEDIATE RELEASE,  July 1, 2010

Milestone Adds Strength to its Management Team:
On July 1, 2009, Milestone Retirement Communities added Ken Wahnschaffe to its Regional Staff to help oversee various properties in the company's portfolio. Ken has over 15 years experience in the Senior Housing Industry holding positions with Leisure Care and Highgate Senior Living. Ken served in a variety of capacities for Leisure care including General Manager of a turnaround property which improved and stabilized in less than 9 months. Ken also served as the Vice President of Operations for Highgate and was responsible for growing that company and stabilizing the properties by finding market niches that were underserved. In addition, Ken has tremendous experience in developing use for space that previously went underutilized and subsequently produced additional revenue for the company.

Milestone has just added 3 new properties to its management company and Ken will help transition some of these properties and take on new responsibilities as the company grows.

FOR IMMEDIATE RELEASE, August 15, 2009

Milestone hires Patrick Dooley to assist operations:
Milestone Retirement Communities has hired Patrick Dooley to serve as a Regional Director of Operations for their expanding needs as new properties have been recently added to under their oversight. Patrick has over 10 years experience in Senior Housing and has worked for Leisure Care as a General Manager for 3 years. Patrick has also worked for Bonaventure (formerly Mountain West) as an Administrator, Regional Director of Operations and as a corporate Director of Quality Assurance. Patrick has many years of experience in the hospitality industry and has also served as a Regional Director of Business Development for a company that provided technological support for various businesses. Patrick will assist in overseeing two turnaround properties initially and will assume the start-up operations for Sea View Assisted Living which will open in June.

Sea View Senior Living is a new project under construction in Brookings, Oregon and is owned by an ownership group led by Bob and Theresa Dunn who have built and owned many assisted living communities in the western United States.

FOR IMMEDIATE RELEASE, November 10, 2009

Milestone announces the expansion of Chandler's Square in Anacortes, Washington:
Milestone Retirement Communities announces the groundbreaking of a 25 unit independent living addition to Chandler's Square in Anacortes, Washington. This expansion should be completed and ready to occupy in July, 2010. The 25 units are 1-bedroom and 2-bedroom apartments and are being build with many upgrades including washer/dryers, fireplaces and appliance upgrades. This addition came about due to the strong performance of Chandler's Square which has averaged over 98% occupancy in the past 2+ years and the community now holds a wait list of over 40 individuals.

Milestone began managing Chandler's Square in 2003 and since then has shown increased census and net operating revenue year over year. Managing Member Lanney Wixon stated that "the community

FOR IMMEDIATE RELEASE, November 18, 2008

EAGLE LAKE VILLAGE NOW OPERATES UNDER NEW MANAGEMENT,
OFFERING ASSISTED LIVING SERVICES TO SENIORS.

(Susanville, CA) Eagle Lake Village, an Assisted Living community for seniors, located 2001 Paul Bunyan Road, is proud to introduce that we are now operating under new management, by Milestone Retirement Communities, LLC. In addition, we have hired Susan Stocks as our new Executive Director. Sue has vast experience in overseeing Retirement and Assisted Living Communities in California and Oregon. Our goal is to continue to serve area seniors needing retirement and assisted living services and to provide quality care in a homelike environment.

Eagle Lake Village offers beautiful apartments with a broad choice of personal support services when needed. You may choose from Studios or 1-Bedroom apartments all with private bathrooms. We take care of the chores and provide a comfortable family atmosphere so that our seniors can get the most from their retirement years. In addition, Eagle Lake Village also provides memory care services for those who have Alzheimer's disease or related disorders. Stop by and get acquainted! Through our structured program, residents can participate in daily exercise and stimulating activities allowing them to enjoy an independent lifestyle.

Some of the amenities offered at Eagle Lake Village include access to 24-hour care staff, family-style meals served three times daily, an array of planned activities and social gatherings, weekly housekeeping and laundry service and more.

Realizing the need for individualized care, Eagle Lake Village is dedicated to providing each resident with a care plan to fit his or her individual needs. For more information and for a personal tour of our community, contact us at 530-257-6673.

"We're excited about our new direction and I am thrilled to be a part of Eagle Lake Village," explains Susan Stocks, the new Executive Director of Eagle Lake Village "We invite members of the community to stop in and visit Eagle Lake Village and get acquainted with our services and our dedication to providing a home like environment for our residents. We remain dedicated to presenting choices and services that exceed industry standards and provide value for our residents."

Milestone Retirement Communities, LLC operator of Eagle Lake Village, specializes in the development and operation of retirement and assisted living communities in the Western U.S. It currently operates communities in five states. The company is headquartered in Vancouver, Washington.

FOR IMMEDIATE RELEASE May 16, 2008

EXECUTIVES WITH EXTENSIVE SENIOR HOUSING EXPERIENCE FORM NEW VANCOUVER, WASHINGTON BASED SENIOR HOUSING MANAGEMENT COMPANY, MILESTONE RETIREMENT COMMUNITIES, LLC

(Vancouver, WA) Paul Dendy, Mark Wiesner and Don Anderson are pleased to announce the formation of Milestone Retirement Communities, LLC. The company specializes in day-to-day management of senior housing and retirement communities in the Western United States. The company's home office is located on 13115 NE 4th Street, Suite 120, in Vancouver, Washington.

The group collectively represents over 70 years experience in senior housing and related industries. Paul Dendy has 20 years experience in financial and fiduciary roles with several large senior housing management companies, and most recently was President of LifeStyles Senior Housing Managers, LLC. Mark Wiesner has over 20 years experience in senior housing and served as Vice President of Operations with Alterra Senior Housing and, most recently, Vice President of Operations for LifeStyles Senior Housing Managers, LLC. Don Anderson has collectively 32 years experience in the acute care medical industry and senior housing, and most recently was Vice President of Clinical and Marketing Services for LifeStyles Senior Housing Managers, LLC.

"We have a tremendous resource in our operational experience and practical knowledge which is beneficial for our clients and the communities that we manage," states Don Anderson. "What we feel is unique about Milestone Retirement Communities, LLC, is our focus on personal involvement, oversight and support of the communities we manage. Our goal is to provide a level of service and delivery that is tailored to each of the communities we serve," explains Anderson. "Developing a personalized relationship with each community we manage allows us to make decisions based on the needs expressed by our residents and family members, as well as the specific opportunities that exist in those cities. We pride ourselves on avoiding the cookie cutter approach to one size fits all! Our desire is to create exceptional environments that meet the emotional, physical, social and spiritual needs of our primary customers: our residents and their families," states Mark Wiesner.

Milestone Retirement Communities, LLC, currently operates in Washington, Oregon and Idaho, providing an a la carte menu of services for investors, developers, and current owners in the senior housing industry. "What we provide is a vast array of services to meet the needs of project sponsors, whether those needs are analysis of new projects, assistance in the development and lease-up of new properties, in securing short and long-term financing, locating and completing acquisitions, or entering into short or long term management contracts;" states Paul Dendy. "Our success is dependent on our ability to meet and exceed our customers' needs and long-term goals and objectives. We tailor our services based on each of our customers' needs, whether it is dealing with large CCRC's or small rural communities," he added.

Milestone Retirement Communities, LLC is privately owned and operated. For more information, contact Don Anderson at (360) 882-4500.