Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Christina Bradshaw - William Blair.
Christina Bradshaw - William Blair
It’s Christina Bradshaw for Ryan this morning. Can you provide a little bit more color on the 21 properties you’re selling to Brookdale? I don’t know if you can talk to it, but more specific, if you can discuss occupancy of those properties and the annual impact of loss EBITDA, which will post the sale would be helpful.
Mark Ordan
Let us track down here and comeback to you in a minute with the occupancy of those properties. As we look at it on a sort of an EBITDA basis, these properties are probably I think the eight kind of cap rate range, which gives you sort of some sense of what the impact is from the sale of the properties.
Christina Bradshaw - William Blair
Mark, you also reference some programs or incentives you talk about to drive occupancy rates going forward and throughout the quarter. Can you talk a little bit more about that, please?
Mark Ordan
We like, I would say everybody in the senior living sectors, where there’s a difficult time in the economy. So we’re trying to work with prospective residents on a variety of incentives to make them feel more comfortable that they can afford to live in a Sunrise and it’s very market-by-market sensitive.
Christina Bradshaw - William Blair
Is there any particular market that you think is doing better than others right now or some that are worse?
Mark Ordan
Yes, I mean rather than break it out. I’d say that we have some markets, which would probably be the obvious ones, looking at today’s economy where it’s a little bit more difficult, but we also have pockets of strength. Partially the reason I pointed that out is we see that where there’s strength in the market, we’ve been relatively strong. So we’re just trying to meet the needs in other markets.
Christina Bradshaw - William Blair
Then another question, you talked about move outs during your prepared remarks. Is there anything that you can do specifically to reduce that going forward? Do you think it was isolated to the third quarter? Have you continued to see that going into the fourth quarter at all?
Mark Ordan
We think we are taking steps and we have taken steps to reduce that. In some cases, that’s hard to do. They’re just financial reasons that are out of our hands. On the other hand, the good organization, which I think we have, gets to know its residents and the needs very well, so you can anticipate better as problems are looming and try to find solutions that can work well for both the company and for our residents.
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