Lillibridge purchases 448,000 sf medical office building portfolio in Birmingham, AL

National Healthcare REIT Expands Southeast Presence

CHICAGO, Oct-31 2006 — Lillibridge, one of the nation's largest private healthcare real estate firms, is pleased to announce its acquisition and immediate leasing and management responsibilities of three medical office buildings totaling 448,000 sf on the campus of Medical Center East (MCE) in Birmingham, AL. MCE is managed by St. Vincent's Health System (STVHS) whose parent organization - Ascension Health - is the nation's largest Catholic and largest nonprofit healthcare system.

The three medical office buildings are referred to as: Medical Office Building (MOB) 48 (116,972 sf built in 1989); MOB 52 (104,000 sf built in 1985); and Regional Care Center (MOB 46, 227,237 built in 2004). The buildings were previously owned by Birmingham-based Inkana Development.

On the selection process, Ann Purdy, STVHS Executive Vice President and Chief Financial Officer said, "We are looking forward to working with Lillibridge because of their excellent leasing and management track record."

Dena Flippen, a 20-year veteran of the commercial real estate industry - including 10 years in the healthcare sector - will handle all leasing and management responsibilities at each of the three medical office buildings at St. Vincent's. She will be located onsite and may be reached at 205.838.6400.

The Lillibridge-Ascension Health relationship began in 2003. Lillibridge now owns, leases and manages 24 on-campus buildings totaling in excess of 1.7 million sf on four major Ascension Health hospital campuses in Indianapolis, Kansas City, Austin, Kalamazoo and Birmingham.

"The Birmingham assets complement our growing portfolio throughout the Southeast, which includes properties in Texas, Florida, Georgia and Tennessee," said Todd W. Lillibridge, Chairman and Chief Executive Officer of Lillibridge. "We look forward to strengthening our relationship with Ascension Health while establishing a permanent presence in an emerging marketplace."

ABOUT LILLIBRIDGE

Lillibridge provides real estate services and capital exclusively to hospitals and healthcare systems. As "The Total Healthcare Real Estate Solution^SM" the company offers a full complement of capabilities - buys and develops medical office and outpatient / ambulatory care facilities; provides program management services
to build and / or renovate inpatient / acute care hospitals; provides asset and property management services; and advises clients on a wide variety of strategic, financial and operational real estate issues. Lillibridge's national scope encompasses more than 250 hospitals and healthcare systems across 40+ states - 6,000 physicians and hospital tenants - and 8.5 million square feet of medical property across the country. Headquartered in Chicago, Lillibridge has multiple regional offices and over 200 dedicated employees.

ABOUT MEDICAL CENTER EAST

Medical Center East, founded in 1945, is a 282-bed hospital offering premier programs in Primary Care, Orthopedics, Obstetrics, Cardiovascular Services, Cancer Treatment, and Emergency Services, as well as, comprehensive programs in Diabetes, Endoscopy, Continence, Same Day Surgery, Digestive Disorders, Sleep Disorders, and Surgical Weight Loss. Medical Center East is managed by St. Vincent's Health System,
Birmingham, AL. St. Vincent's Health System includes four hospitals and an innovative health & wellness facility.

ABOUT ASCENSION HEALTH

Consistent with its mission to serve all people with special attention to those who are poor and vulnerable, Ascension Health is an innovative leader in transforming healthcare through patientcentered, holistic care of the highest clinical quality. Ascension provided $703.9 million in care of persons who are poor and community benefit last year. Ascension Health is the nation's largest Catholic and nonprofit health system, with 101,000 associates serving in 20 states and the District of Columbia.