Lillibridge names new division head

FIRM SELECTS CHUCK FENDRICH TO LEAD PROPERTY MANAGEMENT UNIT

CHICAGO, June 13, 2007 – Continuing its plans for growth and expansion, Chicago-based Lillibridge, one of the nation’s largest private healthcare real estate firms, has hired Chuck Fendrich to head its Property Management division.

“We are extremely pleased to have a person with Chuck’s depth of experience,” says Lillibridge Chief Financial Officer Joe Kurzydym. “His experience in the real estate business is very well-rounded, and he has specialized in property management and team building. Chuck will be a great addition to our company.”

Mr. Fendrich comes to Lillibridge with 27 years of experience in the real estate industry. Most recently he was the Senior Vice President (SVP) of Asset Management at Shorenstein Realty Services. There he oversaw the Midwest assets, including the John Hancock Center, the Prudential Plaza and 500 West Monroe Street. Previous to that position, he worked at RREEF, where he served as the Vice President National Director of Commercial Properties, and was responsible for a 100 million square foot portfolio of commercial properties.

A graduate of Dartmouth College, Mr. Fendrich has an MBA in marketing and finance from George Washington University.

“I strongly believe that healthcare real estate will be one of the fastest growing segments of the real estate market,” says Mr. Fendrich. “Lillibridge is a growing company and has a terrific reputation in this business. They are known as a leader and recognized for their professionalism. I’m glad to be a part of this great team.”

As SVP of Management and Leasing, Mr. Fendrich will oversee leasing, property management and property management accounting. He will office at Lillibridge headquarters in Chicago.

ABOUT LILLIBRIDGE

Lillibridge offers a full complement of real estate services and capital, exclusively to hospitals and healthcare systems. The company’s services include buying and developing medical office and outpatient / ambulatory care facilities, program management for building or renovating inpatient and acute care hospitals, asset and property management services, and advisory services for strategic, financial and operational real estate issues. Lillibridge's national scope encompasses more than 250 hospitals and healthcare systems across more than 40 states, including 6,000 physicians and hospital tenants, and approximately 10 million square feet of medical property. Headquartered in Chicago, Lillibridge has multiple regional offices and more than 200 dedicated employees. For more information, please visit us online at www.lillibridge.com or call (312) 408-1370.