SOLD

CYPRESS STATION
1140 Cypress
Station Drive

HOUSTON, TEXAS
Purchase Price: $9,350,000
53,367 RSF
Cost per RSF: $175
100% Leased
Year One COC: 13.55%
Expected IRR: 14%

Primary Care of the Treasure Cove Building
1265 36th Street

VERO BEACH, FLORIDA
Acquisition Date: July 1,2007
Purchase Price: $7,250,000
RSF 21,500
Price per sf: $337
100% Leased
Annual 3% rent increases

Single tenant medical office building located in prestigious Vero Beach, Florida. Tenant is family and internist practice and is one of the most profitable in the state with over 50,000 patient visits per year.

2825 SANTA
MONICA BLVD.

SANTA MONICA, CA
Acquired May 31, 2007
Purchase Price: $23,000,000
52,000 RSF
50% Leased
Cost per RSF: $440
Partners: Fidelity Real Estate, Income Property Specialists
Lender: G.E. Real Estate

Building is a turnaround project. We are spending $500K on building renovations, and have a lease out for signature that will bring occupancy to near 100%.
After completion of both,
we will sell.

EAST RIDGE MEDICAL
OFFICE BUILDING

HIGHLANDS RANCH
COLORADO
SOLD AUGUST 2006
$7,325,000
23,079 RSF
$326/PSF
YEAR 1 COC 8.71%
5 YEAR AVG COC 10.47%
100% LEASED
3% ANNUAL RENT
INCREASES

WADSWORTH MEDICAL
OFFICE BUILDING

LITTLETON, COLORADO
SOLD JUNE 2006
$5,700,000
21,928 RSF
$269/PSF
YEAR 1 COC 10.01%
5 YEAR AVG. CASH ON CASH
11.08%
100% LEASED
10 YEAR LEASES
3% ANNUAL RENT INCREASES