EFTA01382177

Strategic Merits of an Investment in American Medical Properties Driver Potential Result Current Yield Long-term Value — AMP identifies and invests in off-market opportunities through deep industry Presence in markets with relationships with limited competition for assets limited buyers V V — Avoids engaging in competitive bidding process and overpaying for assets — Many of the assets AMP targets may be sourced from non-institutional owners, often healthcare operators Non-standard sellers — AMP can take advantage of undermanaged assets — Potential for revenue enhancement, expense reduction and increased cash flow - High initial yields should provide strong cash flow and support current dividends High cap rates increase yield - On exit, better managed assets in a larger portfolio should benefit from incremental value appreciation  V Active property management — Enhance underlying tenant profile, increase real estate values and negotiate attractive rents by providing unique operational expertise, assisting with physician recruitment and the addition of new specialty service lines - Increased cash flow can be monetized in the future upon exit at tighter cap rates in the public market American Medical Properties 23 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0081441 CONFIDENTIAL SDNY_GM_00227625 EFTA01382177