EFTA01371286

Exit into a Public Healthcare REIT The public healthcare REIT market has grown over time... # of REITs 14 12 12 12 12 13 13 14 16 0 V) $16.0 $26.4 $29.5 $27.2 $34.0 $42.3 $61.4 $79.5 $76.5 2005 2006 2007 2008 2009 2010 2011 2012 2013 18 $102.5 2014 18 $97.3 2015 ...but healthcare REITs focused on the hospital asset class are still underrepresented with only one pure-play hospital REIT player (% hospital exposure)') "Big 3" Skilled nursing 13.4% 5.0% VTR HCP 1.0% 5.2% 3.4% 0.0% Life science Senior living 0.0% HCN SBRA CCP OHI ARE (a) Based on annuaidod NOI Of (weal income, as of O1 2016. 3.5% 0.0% 0.0% 0.0% NHI SNH MOB Hospital 15.0% 14.4% 6.8% 100.0% LTC SNR DOC HR HTA MPW ■ Hospital real estate exposure Other healthcare real estate exposure Even though the healthcare REIT sector went through a rapid growth phase coming out of the recession, only one pure-play REIT player is focused on hospital assets American Medical Properties 26 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0064585 CONFIDENTIAL SDNY_GM_00210769 EFTA01371286