PRESS CONTACT: Carey Hendrickson, Chief Financial Officer Phone: 1-972-770-5600 FOR IMMEDIATE RELEASE CAPITAL SENIOR LIVING CORPORATION REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS DALLAS (GLOBE NEWSWIRE)

CAPITAL SENIOR LIVING CORPORATION

REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS

DALLAS (GLOBE NEWSWIRE) February 27, 2018 Capital Senior Living Corporation (the Company ) (NYSE:CSU), one of the

nation s largest operators of senior housing communities, today announced operating and financial results for the fourth quarter and full year 2017.

Focused execution on our key initiatives resulted in growth in our same-community NOI, Adjusted EBITDAR and Adjusted CFFO in the fourth quarter on both

a sequential and year-over-year basis, said Lawrence A. Cohen, Chief Executive Officer of the Company. In 2017, we made a number of broad-based organizational and operational changes to refocus our company-wide culture of high

reliability, accountability and operational excellence. We took immediate action to overcome challenges and drive sustainable profitable growth. We also continue to execute our comprehensive strategy to deliver higher revenues, enhance cash flow and

maximize the value of our owned real estate. We are particularly pleased that the proactive systems and protocols we implemented to combat the severe flu season greatly minimized its spread throughout our communities.

The initiatives we implemented are expected to produce further improvement in our key metrics in 2018 and beyond, and provide a strong foundation for us

to execute our long-term strategy focused on organic growth, accretive acquisitions, conversion of units to higher levels of care and EBITDAR-enhancing capital expenditures. By diligently executing this strategy, we expect to increase revenues,

reduce operating expenses and increase EBITDAR and CFFO.

With a disciplined focus on our growth strategy and driving operational improvements, we

are well positioned to enhance shareholder value and capitalize on our competitive advantages as a leading pure-play private-pay senior housing owner/operator.

Operating and Financial Summary (all amounts in this operating and financial summary exclude four communities that are undergoing repositioning,

lease-up or significant renovation and conversion, unless otherwise noted; also, see Non-GAAP Financial Measures below and reconciliation of Non-GAAP measures to the most directly comparable GAAP measure on the final page of this release.)

Financial Results - Fourth Quarter

For the fourth quarter of 2017, the Company reported revenue of $117.0 million, compared to revenue of $115.8 million in the fourth quarter of 2016,

an increase of 1.0%. Revenue for consolidated communities excluding the four communities undergoing repositioning, lease-up or significant renovation and conversion, and the two Houston communities impacted by

Hurricane Harvey, increased 2.6% in the fourth quarter of 2017 as compared to the fourth quarter of 2016.

Operating expenses for the fourth quarter of

2017 were $71.3 million, a decrease of $0.5 million from the fourth quarter of 2016, despite approximately $0.5 million of additional operating expenses in the fourth quarter of 2017 as compared to the fourth quarter of 2016 due to

the acquisition of a senior housing community in November 2016. Operating expenses include a $1.5 million business interruption insurance credit related to the Company s two Houston communities impacted by Hurricane Harvey to offset the

lost revenues and continuing expenses, and to restore the communities net income for the fourth quarter of 2017 based on an approximate average of the communities net income in the seven months of 2017 prior to the hurricane.

General and administrative expenses for the fourth quarter of 2017 were $5.9 million. This compares to general and administrative expenses of

$6.7 million in the fourth quarter of 2016. Excluding transaction and conversion costs in both periods, general

and administrative expenses increased $0.9 million in the fourth quarter of 2017 as compared to the fourth quarter of 2016, primarily due to a $0.6 million increase in net healthcare

expense year over year. As a percentage of revenues under management, general and administrative expenses, excluding transaction and conversion costs, were 4.8% in the fourth quarter of 2017 compared to 4.1% in the fourth quarter of 2016.

Income from operations for the fourth quarter of 2017 was $8.2 million. The Company recorded a net loss on a GAAP basis of $6.4 million in the

fourth quarter of 2017. Excluding items noted and reconciled on the final page of this release, the Company s adjusted net loss was $2.2 million in the fourth quarter of 2017.

The Company s Non-GAAP financial measures exclude four communities that are undergoing repositioning, lease-up of higher-licensed units or significant renovation and conversion (see Non-GAAP Financial Measures below).

Adjusted EBITDAR for the fourth quarter of 2017 was $39.4 million as compared to $38.6 million in the fourth quarter of 2016. The four communities

undergoing repositioning, lease-up or significant renovation and conversion not included in Adjusted EBITDAR generated an additional $1.0 million of EBITDAR.

Adjusted CFFO was $12.3 million in the fourth quarter of 2017, as compared to $12.2 million in the fourth quarter of 2016.

Financial Results Full Year

reported 2017 revenue of $467.0 million, compared to revenue of $447.4 million in 2016, an increase of 4.4%. Revenue for consolidated communities excluding the four communities undergoing repositioning,

lease-up or significant renovation and conversion, and the two Houston communities impacted by Hurricane Harvey, increased 5.1% in 2017 as compared to 2016. Operating expenses were $290.7 million in 2017,

an increase of $16.8 million from 2016.

General and administrative expenses were $23.6 million in 2017 compared to $23.7 million in 2016.

General and administrative expenses as a percentage of revenues under management, excluding one-time, transaction and conversion costs, were 4.7% in 2017 compared to 4.4% in 2016.

Income from operations for full year 2017 was $7.8 million. The Company recorded a net loss on a GAAP basis of $44.2 million for full year 2017.

Excluding non-recurring or non-economic items reconciled on the final page of this release, the Company s adjusted net loss was $8.7 million for full year

Adjusted EBITDAR was $153.4 million for full year 2017. The four communities undergoing repositioning,

lease-up or significant renovation and conversion, not included in Adjusted EBITDAR, generated an additional $3.7 million of EBITDAR in 2017. Adjusted CFFO for 2017 was $45.9 million.

Operating Activities

Same-community results exclude the four communities previously noted that are undergoing repositioning, lease-up or

significant renovation and conversion, the two Houston communities impacted by Hurricane Harvey, and one community that was acquired during the fourth quarter of 2016. Same-community results also exclude certain transaction and conversion costs.

Same-community revenue in the fourth quarter of 2017 increased 2.1% versus the fourth quarter of 2016.

Same-community operating expenses increased 1.7% from the fourth quarter of the prior year, excluding conversion costs in both periods. On the same basis,

labor costs, including benefits, increased 1.4% and utilities increased 3.0%, while food costs decreased 2.3%, all as compared to the fourth quarter of 2016. At communities that have not converted units to higher levels of care in the last year,

labor costs decreased 0.6%. Contract labor costs decreased $0.3 million sequentially from the third quarter of 2017 and were essentially flat with the fourth quarter of 2016. Same-community net operating income increased approximately 3.0% in

the fourth quarter of 2017 as compared to the fourth quarter of 2016.

Capital expenditures for the third quarter of 2017 were $9.8 million,

representing approximately $8.3 million of investment spending and approximately $1.5 million of recurring capital expenditures.

The Company ended the quarter with $31.0 million of cash and cash equivalents, including restricted cash. During the fourth quarter of

2017, the Company spent $9.8 million on capital improvements and received net cash proceeds of $7.1 million related to supplemental loans on two communities. The Company received reimbursements from one of its REIT partners totaling

$0.5 million in the fourth quarter for capital improvements at certain leased communities and expects to receive additional reimbursements as the remaining projects at leased communities are completed.

As of December 31, 2017, the Company financed its owned communities with mortgages totaling $963.1 million at interest rates averaging 4.7%. All of

the Company s debt is at fixed interest rates, except for two bridge loans totaling approximately $76.5 million at December 31, 2017, one of which matures in the second quarter of 2019 and the other in the first quarter of 2020. The

earliest maturity date for the Company s fixed-rate debt is in 2021.

The Company s cash on hand and cash flow from operations are expected to

be sufficient for working capital, prudent reserves and the equity needed to fund the Company s acquisition, conversion and renovation programs.

Q4 2017 Conference Call Information

The Company will host a conference call with senior management to discuss the Company s fourth quarter and full year 2017 financial results. The call will

be held on Tuesday, February 27, 2018, at 5:00 p.m. Eastern Time. The call-in number is 323-701-0230, confirmation code

5306718. A link to a simultaneous webcast of the teleconference will be available at www.capitalsenior.com through Windows Media Player or RealPlayer.

For the convenience of the Company s shareholders and the public, the conference call will be recorded and available for replay starting

February 27, 2018 at 8:00 p.m. Eastern Time, until March 7, 2018 at 8:00 p.m. Eastern Time. To access the conference call replay, call 719-457-0820,

confirmation code 5306718. The conference call will also be made available for playback via the Company s corporate website, www.capitalsenior.com.

Non-GAAP Financial Measures of Operating Performance

Adjusted EBITDAR is a financial valuation measure and Adjusted Net Income and Adjusted CFFO are financial performance measures that are not calculated in

accordance with U.S. generally accepted accounting principles ( GAAP ). Non-GAAP financial measures may have material limitations in that they do not reflect all of the costs associated with our

results of operations as determined in accordance with GAAP. As a result, these non-GAAP financial measures should not be considered a substitute for, nor superior to, financial results and measures

determined or calculated in accordance with GAAP.

Adjusted EBITDAR is a valuation measure commonly used by our management, research analysts and

investors to value companies in the senior living industry. Because Adjusted EBITDAR excludes interest expense and rent expense, it allows our management, research analysts and investors to compare the enterprise values of different companies

without regard to differences in capital structures and leasing arrangements.

The Company believes that Adjusted Net Income and Adjusted CFFO are useful

as performance measures in identifying trends in day-to-day operations because they exclude the costs associated with acquisitions and conversions and other items that

do not ordinarily reflect the ongoing operating results of our primary business. Adjusted Net Income and Adjusted CFFO provide indicators to management of progress in achieving both consolidated and individual business unit operating performance and

are used by research analysts and investors to evaluate the performance of companies in the senior living industry.

The Company strongly urges you to

review on the last page of this release the reconciliation of net loss to Adjusted EBITDAR and the reconciliation of net (loss) income to Adjusted Net (Loss) Income and Adjusted CFFO, along with the Company s consolidated balance sheets,

statements of operations, and statements of cash flows.

Capital Senior Living Corporation is one of the nation s largest operators of residential communities for senior adults. The Company s operating

strategy is to provide value to residents by providing quality senior housing services at reasonable prices. The Company s communities emphasize a continuum of care, which integrates independent living, assisted living, and memory care

services, to provide residents the opportunity to age in place. The Company operates 129 senior housing communities in geographically concentrated regions with an aggregate capacity of approximately 16,500 residents.

The forward-looking statements in

this release are subject to certain risks and uncertainties that could cause results to differ materially, including, but not without limitation to, the Company s ability to find suitable acquisition properties at favorable terms, financing,

refinancing, community sales, licensing, business conditions, risks of downturns in economic conditions generally, satisfaction of closing conditions such as those pertaining to licensure, availability of insurance at commercially reasonable rates,

and changes in accounting principles and interpretations among others, and other risks and factors identified from time to time in our reports filed with the Securities and Exchange Commission.

For information about Capital Senior Living, visit www.capitalsenior.com.

Contact Carey P. Hendrickson, Chief Financial Officer, at 972-770-5600 for

CAPITAL SENIOR LIVING CORPORATION

CONSOLIDATED BALANCE SHEETS

(audited, in thousands, except per share data)

CAPITAL SENIOR LIVING CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(audited, in thousands, except per share data)