Exhibit 99.2

SUNRISE SENIOR LIVING, INC.
UNAUDITED PRO FORMA CONSOLIDATED BALANCE SHEET

		Historical								Pro Forma
		September 30,				Pro Forma				September 30,
(In thousands, except per share and share amounts)		2009				Adjustments				2009
ASSETS
Current Assets:
Cash and cash equivalents		$	43,382				9,825	(5)		$	53,207
Accounts receivable, net			37,265				(639	)(6)			36,626
Income taxes receivable			7,330								7,330
Due from unconsolidated communities			24,146				249	(6)			24,395
Deferred income taxes, net			14,999								14,999
Restricted cash			31,857				22,500	(4)			54,357
Assets held for sale			88,254								88,254
German assets held for sale			105,554								105,554
Prepaid insurance			3,838								3,838
Prepaid expenses and other current assets			17,058				(754	)(6)			16,304
Total current assets			373,683				31,181				404,864
Property and equipment, net			419,871				(142,955	)(1)			276,916
Due from unconsolidated communities			18,978								18,978
Intangible assets, net			54,400								54,400
Investments in unconsolidated communities			71,161								71,161
Investments accounted for under the profit-sharing method			13,531								13,531
Restricted cash			100,966								100,966
Restricted investments in marketable securities			33,670								33,670
Other assets, net			9,893								9,893
Total assets		$	1,096,153			$	(111,774	)		$	984,379
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of debt		$	335,749				(113,229	)(2)		$	222,520
Outstanding draws on bank credit facility			68,878				(25,000	)(3)			43,878
Debt relating to German assets held for sale			200,034								200,034
Accounts payable and accrued expenses			155,332				(4,251	)(6)			151,081
Liabilities associated with German assets held for sale			9,908								9,908
Due to unconsolidated communities			1,883								1,883
Deferred revenue			7,398				(3,656	)(6)			3,742
Entrance fees			35,158								35,158
Self-insurance liabilities			46,174								46,174
Total current liabilities			860,514				(146,136	)			714,378
Debt, less current maturities			19,964				(19,964	)(2)			—
Guarantee liabilities			13,777								13,777
Self-insurance liabilities			62,947								62,947
Deferred gains on the sale of real estate and deferred revenues			17,480				5,000	(7)			22,480
Deferred income tax liabilities			14,999								14,999
Other long-term liabilities, net			102,442								102,442
Total liabilities			1,092,123				(161,100	)			931,023
Equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding			—								—
Common stock, $0.01 par value, 120,000,000 shares authorized, 51,072,275 shares issued and outstanding, net of 392,961 treasury shares, at September 30, 2009			511								511
Additional paid-in capital			461,945								461,945
Retained loss			(471,407	)			49,326	(8)			(422,081	)
Accumulated other comprehensive income			8,864								8,864
Total stockholders’ (deficit) equity			(87	)			49,326				49,239
Noncontrolling interests			4,117								4,117
Total equity			4,030				49,326				53,356
Total liabilities and equity		$	1,096,153			$	(111,774	)		$	984,379

See accompanying notes to the unaudited pro forma consolidated financial statements.

SUNRISE SENIOR LIVING, INC.
UNAUDITED PRO FORMA CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2009

		Historical								Proforma
		Nine Months Ended								Nine Months Ended
		September 30,				Proforma				September 30,
(In thousands, except per share amounts)		2009				Adjustments				2009
Operating revenue:
Management fees		$	84,305							$	84,305
Resident fees for consolidated communities			319,842				(58,988	)(9)			260,854
Ancillary fees			34,148								34,148
Professional fees from development, marketing and other			11,343								11,343
Reimbursed costs incurred on behalf of managed communities			709,158								709,158
Total operating revenues			1,158,796				(58,988	)			1,099,808
Operating expenses:
Community expense for consolidated communities			242,384				(42,344	)(9)			200,040
Community lease expense			44,765				(197	)(9)			44,568
Depreciation and amortization			41,454				(4,464	)(9)			36,990
Ancillary expenses			31,880								31,880
General and administrative			91,829								91,829
Development expense			10,462								10,462
Write-off of capitalized project costs			14,147								14,147
Accounting Restatement, Special Independent Committee inquiry, SEC investigation and stockholder litigation			3,541								3,541
Restructuring costs			25,883								25,883
Provision for doubtful accounts			11,335				(192	)(9)			11,143
Loss on financial guarantees and other contracts			1,463								1,463
Impairment of long-lived assets			34,962				(22,502	)(9)			12,460
Costs incurred on behalf of managed communities			719,735								719,735
Total operating expenses			1,273,840				(69,699	)			1,204,141
Loss from operations			(115,044	)			10,711				(104,333	)
Other non-operating income (expense):
Interest income			1,428				(3	)(9)			1,425
Interest expense			(10,809	)			3,202	(9)			(7,607	)
Gain on investments			904								904
Other income			4,276				(5	)(9)			4,271
Total other non-operating expense			(4,201	)			3,194				(1,007	)
Gain on the sale and development of real estate and equity interests			20,330								20,330
Sunrise’s share of earnings and return on investment in unconsolidated communities			9,362								9,362
Loss from investments accounted for under the profit-sharing method			(9,157	)							(9,157	)
Loss before benefit from income taxes			(98,710	)			13,905				(84,805	)
Benefit from income taxes			1,449					(14)			1,449
Loss from continuing operations		$	(97,261	)		$	13,905			$	(83,356	)
Earnings per share data:
Basic and diluted net loss per common share
Loss from continuing operations		$	(1.93	)			0.27	(10)		$	(1.66	)
Weighted-average shares outstanding — basic and diluted			50,620								50,620

See accompanying notes to the unaudited pro forma consolidated financial statements.

SUNRISE SENIOR LIVING, INC.
UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2008

		Historical												Pro Forma
		Twelve Months												Twelve Months
		Ended								Elimination				Ended
		December 31,				Proforma				of Other Dispositions				December 31,
(In thousands, except per share amounts)		2008				Adjustments				after Statement Date				2008
Operating revenue:
Management fees		$	140,030								(8,444	)(11)		$	131,586
Resident fees for consolidated communities			435,580				(80,173	)(9)			(13,727	)(11)			341,680
Ancillary fees			54,633								(12,803	)(11)			41,830
Professional fees from development, marketing and other			59,969								(15,522	)(11)			44,447
Reimbursed costs incurred on behalf of managed communities			1,011,431												1,011,431
Total operating revenues			1,701,643				(80,173	)			(50,496	)			1,570,974
Operating expenses:
Community expense for consolidated communities			335,739				(58,369	)(9)			(18,142	)(11)			259,228
Community lease expense			60,145				(258	)(9)							59,887
Depreciation and amortization			51,276				(6,429	)(9)			(5,350	)(11)			39,497
Ancillary expenses			60,620								(21,977	)(11)			38,643
General and administrative			169,966								(6,344	)(11)			163,622
Development expense			78,305								(43,800	)(11)			34,505
Write-off of capitalized project costs			95,763								(371	)(11)			95,392
Accounting Restatement, Special Independent Committee inquiry,
SEC investigation and stockholder litigation			30,224												30,224
Restructuring costs			18,065												18,065
Provision for doubtful accounts			22,628				(234	)(9)			(2,352	)(11)			20,042
Loss on financial guarantees and other contracts			5,022												5,022
Impairment of long-lived assets			158,338				(1,939	)(9)			(6,506	)(11)			149,893
Costs incurred on behalf of managed communities			1,004,974												1,004,974
Total operating expenses			2,091,065				(67,229	)			(104,842	)			1,918,994
Loss from operations			(389,422	)			(12,944	)			54,346				(348,020	)
Other non-operating income (expense):
Interest income			6,600				(13	)(9)			(320	)(11)			6,267
Interest expense			(21,406	)			5,573	(9)			9,124	(11)			(6,709	)
Loss on investments			(7,770	)											(7,770	)
Other expense			(21,602	)			263	(9)			1,273	(11)			(20,066	)
Total other non-operating expense			(44,178	)			5,823				10,077				(28,278	)
Gain on the sale and development of real estate and equity interests			17,374												17,374
Sunrise’s share of loss and return on investment in unconsolidated communities			(13,846	)											(13,846	)
Loss from investments accounted for under the profit-sharing method			(1,329	)											(1,329	)
Minority interests			8,154								(8,154	)(12)			—
Loss from continuing operations before benefit from income taxes			(423,247	)			(7,121	)			56,269				(374,099	)
Benefit from income taxes			43,483				733	(14)			(5,796	)(15)			38,420
Loss from continuing operations		$	(379,764	)		$	(6,388	)		$	50,473			$	(335,679	)
Earnings per share data:
Basic and diluted net loss per common share
Loss from continuing operations		$	(7.54	)		$	(0.13)	(10)		$	1.15	(13)		$	(6.52	)
Weighted-average shares outstanding — basic and diluted			50,345												50,345

See accompanying notes to the unaudited pro forma consolidated financial statements.

SUNRISE SENIOR LIVING, INC.
UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2007

		Historical												Pro Forma
		Twelve Months												Twelve Months
		Ended								Elimination				Ended
		December 31,				Proforma				of Other Dispositions				December 31,
(In thousands, except per share amounts)		2007				Adjustments				after Statement Date				2007
Operating revenue:
Management fees		$	129,456								(7,163	)(11)		$	122,293
Resident fees for consolidated communities			400,238				(73,284	)(9)			(3,947	)(11)			323,007
Ancillary fees			58,645								(7,518	)(11)			51,127
Professional fees from development, marketing and other			38,855								(9,309	)(11)			29,546
Reimbursed costs incurred on behalf of managed communities			956,047												956,047
Total operating revenues			1,583,241				(73,284	)			(27,937	)			1,482,020
Operating expenses:
Community expense for consolidated communities			288,180				(52,585	)(9)			(3,637	)(11)			231,958
Community lease expense			62,588												62,588
Depreciation and amortization			52,701				(6,901	)(9)			(3,962	)(11)			41,838
Ancillary expenses			68,958								(15,664	)(11)			53,294
General and administrative			188,512								(4,966	)(11)			183,546
Development expense			72,016								(36,940	)(11)			35,076
Write-off of capitalized project costs			28,430												28,430
Accounting Restatement, Special Independent Committee inquiry,
SEC investigation and stockholder litigation			51,707												51,707
Provision for doubtful accounts			8,910				(281	)(9)			(920	)(11)			7,709
Loss on financial guarantees and other contracts			22,005												22,005
Impairment of long-lived assets			7,641												7,641
Costs incurred on behalf of managed communities			956,047												956,047
Total operating expenses			1,807,695				(59,767	)			(66,089	)			1,681,839
Loss from operations			(224,454	)			(13,517	)			38,152				(199,819	)
Other non-operating income (expense):
Interest income			9,514				(22	)(9)			(208	)(11)			9,284
Interest expense			(6,650	)			1,196	(9)							(5,454	)
Other expense			(6,089	)			293	(9)							(5,796	)
Total other non-operating expense			(3,225	)			1,467				(208	)			(1,966	)
Gain on the sale and development of real estate and equity interests			105,081												105,081
Sunrise’s share of income and return on investment in unconsolidated communities			108,947								(1,600	)(11)			107,347
Income from investments accounted for under the profit-sharing method			22												22
Minority interests			4,470								(4,470	)(12)			—
Loss from continuing operations before provision for income taxes			(9,159	)			(12,050	)			31,874				10,665
Provision for income taxes			(9,068	)			4,736	(14)			(12,526	)(15)			(16,858	)
Loss income from continuing operations		$	(18,227	)		$	(7,314	)		$	19,348			$	(6,193	)
Earnings per share data:
Basic and diluted net loss per common share
Loss from continuing operations		$	(0.37	)		$	(0.15	)(10)		$	0.44	(13)		$	(0.08	)
Weighted-average shares outstanding — basic and diluted			49,851												49,851

See accompanying notes to the unaudited pro forma consolidated financial statements.

SUNRISE SENIOR LIVING, INC.
UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2006

		Historical												Pro Forma
		Twelve Months												Twelve Months
		Ended								Elimination				Ended
		December 31,				Proforma				of Other Dispositions				December 31,
(In thousands, except per share amounts)		2006				Adjustments				after Statement Date				2006
Operating revenue:
Management and buyout fees		$	251,958								(5,313	)(11)		$	246,645
Resident fees for consolidated communities			379,442				(67,182	)(9)			(26,059	)(11)			286,201
Ancillary fees			56,673								(2,579	)(11)			54,094
Professional fees from development, marketing and other			28,553								(11,607	)(11)			16,946
Reimbursed costs incurred on behalf of managed communities			911,979												911,979
Total operating revenues			1,628,605				(67,182	)			(45,558	)			1,515,865
Operating expenses:
Community expense for consolidated communities			274,545				(50,196	)(9)			(24,522	)(11)			199,827
Community lease expense			59,046				(597	)(9)			(10	)(11)			58,439
Depreciation and amortization			47,687				(6,149	)(9)			(4,809	)(11)			36,729
Ancillary expenses			59,029								(6,710	)(11)			52,319
General and administrative			136,989								(2,609	)(11)			134,380
Development expense			63,634								(33,088	)(11)			30,546
Write-off of capitalized project costs			1,329												1,329
Accounting Restatement, Special Independent Committee inquiry,
SEC investigation and stockholder litigation			2,600												2,600
Provision for doubtful accounts			13,965				(256	)(9)			(787	)(11)			12,922
Loss on financial guarantees and other contracts			89,676												89,676
Impairment of long-lived assets and write-off of unamortized contract costs			40,408								(681	)(11)			39,727
Costs incurred on behalf of managed communities			911,979												911,979
Total operating expenses			1,700,887				(57,198	)			(73,216	)			1,570,473
Loss from operations			(72,282	)			(9,984	)			27,658				(54,608	)
Other non-operating income (expense):
Interest income			9,476				(6	)(9)			(295	)(11)			9,175
Interest expense			(6,194	)			1,413	(9)			10	(11)			(4,771	)
Loss on investments			(5,610	)											(5,610	)
Other expense			6,706				97	(9)							6,803
Total other non-operating income			4,378				1,504				(285	)			5,597
Gain on the sale and development of real estate and equity interests			51,347												51,347
Sunrise’s share of loss and return on investment in unconsolidated communities			43,702												43,702
Loss from investments accounted for under the profit-sharing method			(857	)											(857	)
Minority interests			6,916								(6,916	)(12)			—
Income from continuing operations before provision for income taxes			33,204				(8,480	)			20,457				45,181
Provision for income taxes			(17,527	)			3,332	(14)			(8,040	)(15)			(22,235	)
Income from continuing operations		$	15,677			$	(5,148	)		$	12,417			$	22,946
Earnings per share data:
Basic net income per common share
Income from continuing operations		$	0.32			$	(0.11	)(10)		$	0.34	(13)		$	0.55
Diluted net income per common share
Income from continuing operations		$	0.31			$	(0.10	)(10)		$	0.34	(13)		$	0.55
Weighted-average shares outstanding — basic			48,947												48,947
Weighted-average shares outstanding — diluted			50,722												50,722

See accompanying notes to the unaudited pro forma consolidated financial statements.

SUNRISE SENIOR LIVING, INC.

NOTES TO UNAUDITED PRO FORMA CONSOLIDATED FINANCIAL STATEMENTS

Note 1 — Basis of Presentation

     The unaudited pro forma financial information is presented to illustrate the effect of our November 18, 2009 sale of 21 properties on our historical financial position and operating results. The unaudited pro forma balance sheet is as of September 30, 2009 and is based on our historical statements after giving effect to the transaction as if it had occurred on September 30, 2009. The unaudited pro forma statements of operations for the nine months ended September 30, 2009 and the twelve months ended December 31, 2008, 2007 and 2006 are based on our historical statements for such periods after giving effect to the transaction as if it had occurred on January 1 of each year. The unaudited pro forma financial information should be read in conjunction with our historical consolidated financial statements and notes thereto contained in our 2008 Annual Report on Form 10-K, as amended, filed on March 31, 2009 and our Form 10-Q for the quarter ended September 30, 2009 filed on November 9, 2009.

     The preparation of the unaudited pro forma consolidated financial information is based on financial statements prepared in accordance with accounting principles generally accepted in the United States of America. These principles require the use of estimates that affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could differ from those estimates.

     The unaudited pro forma consolidated financial information is provided for illustrative purposes only and does not purport to represent what the actual results of our operations or financial position would have been had the transaction occurred on the respective dates assumed, nor is it necessarily indicative of our future operating results or financial position. However, the pro forma adjustments reflected in the accompanying unaudited pro forma consolidated financial information reflect estimates and assumptions that our management believes to be reasonable.

Note 2 — Pro Forma Adjustments

The unaudited pro forma consolidated balance sheet at September 30, 2009 reflects the following adjustments:

	1)		Adjustment to remove property and equipment, net for the net book value of the sold properties.
	2)		Assignment to purchaser or payoff of debt related to sold properties.
	3)		Pay down of bank credit facility with proceeds from the transaction.
	4)		Placement of $20 million in a restricted cash account for use in paying down other creditors in the future. In addition, $2.5 million was placed in escrow for potential future indemnification liabilities.
	5)		Net cash received from transaction after giving effect to the settlement of net working capital, paydown of bank credit facility, posting of required escrows and payment of transaction costs at September 30, 2009.
	6)		Working capital associated with sold properties.
	7)		To record indemnification liability cap of $5.0 million. The indemnification period is one year following the closing of the transaction.
	8)		Reflect the approximate gain on the transaction before any tax effect.

The unaudited pro forma consolidated statements of operations for the years ended December 31, 2008, 2007 and 2006 and for the nine months ended September 30, 2009 reflect the following adjustments:

9)

The elimination of revenues and expenses of properties sold in current transaction.

	10)		The elimination of per share loss of properties sold in current transaction.
	11)		The elimination of dispositions or expected dispositions classified as discontinued operations at September 30, 2009 but included in continuing operations in historical statements.
	12)		The reclassification of minority interest from continuing operations.
	13)		The elimination of per share loss of dispositions or expected dispositions classified as discontinued operations at September 30, 2009 but included in continuing operations in historical statements.
	14)		Tax expense associated with the operations of the properties sold in the transaction except for the nine months ended September 30, 2009 for which we have a full valuation allowance.
	15)		Net tax benefit associated with discontinued operations and noncontrolling interests.