February 1, 2007

Hanson Bridgett Represents Wilkinson Corporation in $240 million Sale of Senior Living Communities

San Francisco (February 1, 2007) – Hanson Bridgett LLP represented Wilkinson Corporation in the $240 million sale of 32 senior living communities in 8 states. The sale to Wakefield Capital, a privately held REIT, also included a $100 million loan modification and a $200 million leaseback arrangement.

"We've been building a nationwide real estate practice in senior care," said David C. Longinotti, Chair of Hanson Bridgett's Real Estate Practice and lead partner on the transaction. "This transaction is a good example of that capability."

The sale included senior living communities in California, Texas, Nebraska, Oklahoma, Tennessee, Ohio, Illinois and Georgia. The transaction was completed in less than six weeks.

"Hanson Bridgett was at our side through the acquisition of this portfolio and now its successful disposition," said Doug Ellison, Wilkinson's Vice President of Acquisitions. "They are proven deal makers."

Hanson Bridgett's deal team included partners David C. Longinotti, Teresa V. Pahl and Joel S. Goldman as well as associates Jennifer R. Fink and Anita G. Zerounian.

Hanson Bridgett Public Relations:
P: 415-995-5192, F: 415-541-9366

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