Brookdale Senior Living Inc. (NYSE:BKD) Board has a fiduciary duty to maximize shareholder value and fully and properly pursue strategic alternatives. Any decision by the Brookdale Board and management to take solace in the improved share price and choose not to pursue strategic alternatives would be thoroughly misguided. We believe shareholders, ourselves included, would be extremely disappointed and would hold the Brookdale Board accountable if the strategic alternatives process is not fully explored and fails to result in a successful conclusion. We are hopeful that the Board will take seriously the substance of this letter and conduct the strategic alternatives process accordingly.