Attorneys for Receiver Michael Grassmueck UNITED STATES DISTRICT COURT DISTRICT OF OREGON SECURITIES AND EXCHANGE COMMISSION, Case No.

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1 WILLIAM L. LARKINS, JR., (OSB #812882) JULIE R. VACURA, (OSB #843692) LARKINS VACURA LLP 621 SW Morrison St., Suite 1450 Portland, Oregon Telephone: (503) Facsimile: (503) DAVID L. OSIAS (CSB NO ) (PRO HAC VICE) DAVID R. ZARO (CSB NO ) (PRO HAC VICE) STEPHEN A. WALTERS (OSB No ) A. KENNETH HENNESAY, JR. (CSB NO ) (PRO HAC VICE) ALLEN MATKINS LECK GAMBLE MALLORY & NATSIS LLP 515 South Figueroa Street, Ninth Floor Los Angeles, California Telephone: (213) Facsimile: (213) Attorneys for Receiver Michael Grassmueck UNITED STATES DISTRICT COURT DISTRICT OF OREGON SECURITIES AND EXCHANGE COMMISSION, vs. Plaintiff, SUNWEST MANAGEMENT, INC., CANYON CREEK DEVELOPMENT, INC., CANYON CREEK FINANCIAL, LLC, and JON M. HARDER, Defendants, Case No. 09-CV-6056-HO APPENDIX OF EXHIBITS FOR DISTRIBUTION PLAN (VOLUME 3) Date: September 23, 2009 Time: 9:30 a.m. Place: U.S. District Court 405 East Eighth Avenue Eugene, OR /OC APPENDIX OF EXHIBITS FOR DISTRIBUTION PLAN

2 DARRYL E. FISHER, J. WALLACE GUTZLER, KRISTIN HARDER, ENCORE INDEMNITY MANAGEMENT, LLC, SENENET LEASING COMPANY, FUSE ADVERTISING, INC. KDA CONSTRUCTION, INC., CLYDE HAMSTREET, and CLYDE A. HAMSTREET & ASSOCIATES, LLC, Relief Defendants. Attached hereto are the exhibits to the concurrently-filed Distribution Plan of Receiver and Chief Restructuring Officer for Sunwest Enterprise: Vol. 1 Exhibit 1 Joint Plan of Reorganization Exhibit 1 Distribution Plan and Distribution Plan Approval 1 Exhibit 2 Personal Property Secured Claims Exhibit 3 Real Property Secured Claims Vol. 2 Exhibit 1 Joint Plan of Reorganization (continued) Exhibit 4 Amended and Restated Agreement of SWP Holdings LP Exhibit 5 Assumed Executory Contracts and Unexpired Leases Exhibit 6 TIC Lease 1 Exhibit 7 Lease Master Lease 1 Exhibit 8 Operating Agreement Exhibit 9 Member Ownership Interest as of March 2, This exhibit will be attached to Reorganization Plan when it is filed /OC -2- APPENDIX OF EXHIBITS FOR DISTRIBUTION PLAN

3 Vol. 3 Exhibit 2 Exhibit 3 Exhibit 4 Exhibit 5 Exhibit 6 Organizational structure of Reorganized Company Bankruptcy Cases Divestco Properties Holdco Properties Trustco Properties Exhibit 7 Valuation Analysis and Methodology, by Facility as of March 1, 2009 Vol. 4 Exhibit 8 Exhibit 9 Exhibit 10 Exhibit 11 Exhibit 12 Draft TIC Agreement Settlement Agreement with HFG Parties INTENTIONALLY NOT USED INTENTIONALLY NOT USED Bare Land Election Terms and Conditions Dated: August 25, 2009 ALLEN MATKINS LECK GAMBLE MALLORY & NATSIS LLP By: /s/ David L. Osias David L. Osias Attorneys for Receiver Michael A. Grassmueck /OC -3- APPENDIX OF EXHIBITS FOR DISTRIBUTION PLAN

4 Continuation of DISTRIBUTION PLAN Exhibits (Exhibits 2 7)

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7 Exhibit to the Proposed Distribution Plan Sunwest Bankruptcy Filings Facility Mas Code Case # Building Lease (has feeco-green Bank) Nashville Senior Living, LLC dba Waterford at Bellevue W GE/Merrill Lynch Carolina 7 Greensboro Oakdale Property, LLC - Carriage House Winston-Salem Oakdale Property, LLC - Forest Heights Pinehurst Oakdale Property, LLC - Fox Hollow Charlotte Oakdale Property, LLC - Legacy Heights Anderson Senior Living Property, LLC - Legacy of Anderson Mt Pleasant Oakdale I Property, LLC - Sweetgrass Court Mt Pleasant Oakdale II Property, LLC - Sweetgrass Village Building Lease (has feeco-capital Pacific Bank) Portland Senior Living, LLC dba Hawthorne Gardens (opco) H tmb11 Bank of Clark County Mountain View Village Assisted Living and Retirement Cottages, LLC dba Chehalem Springs C tmb11 New South Bank Briarwood Retirement and Assisted Living Community, LLC B tmb11 Century Fields Retirement and Assisted Living Community, LLC C tmb11 CS 20 Colonial Gardens, LLC C tmb11 Medallion Assisted Living Limited Partnership M tmb11 Stayton SW Assisted Living, L.L.C. dba Lakeside L tmb11 Hendersonville Senior Living, LLC dba Terrace at Bluegrass T tmb11 W-E Specialized Care, LLC dba Alpine Court W tmb11 Sanddollar Court Memory Care, LLC dba Palm Meadows Court C tmb11 Spring Pointe, LLC S fra11 Champlin, LLC dba Champlin Shores C tmb11 St. George Senior Living, LLC dba Cliff View C tmb11 Court at Clifton Park, LLC / NY4 - Beacon Pointe C tmb11 Court at Greece, LLC / NY4- Crimson Ridge Gardens C tmb11 Court at Orchard Park, LLC / NY4 - Quaker's Landing C tmb11 Seward Senior Living, LLC dba Heartland Park - NE4 H tmb11 Montclair Senior Living, LLC dba Montclair Park M tmb11 Kearney Senior Living, LLC dba Northridge - NE 4 N tmb11 Wayne Senior Living, LLC dba Oaks, The - NE 4 O tmb11 Vancouver Care, LLC dba Stonebridge S tmb11 Village at Greece, LLC / NY4 - Crimson Ridge Meadows V tmb11 McCook Senior Living, LLC dba Willow Ridge - NE 4 W tmb11 Vegas Assisted Living, LLC dba Plaza at Sun Mountain P tmb11 Charter Bank Moses Lake Senior Care, LLC K tmb11 Prudential Englewood Heights (Propco)-Yakima Sr Living Property, LLC E tmb11 Lonestar Neawanna By The Sea Limited Partnership N tmb11

8 DIVESTCO PROPERTIES PROPERTIES TO BE DISPOSED OF AS SOON AS IS PRACTICAL Senior Living Properties: DivestCo Properties Community Name: City: State: Year Built: 1 Aberdeen Heights Tulsa OK Addie Meedom Crescent City CA Alpine Meadow Cottages Eugene OR Apple Meadows Omak WA Arbrook Arlington TX Autumn Glen Cottages Indianapolis IN Cache Valley Providence UT Caley Ridge Englewood CO Cambridge Court-MT Great Falls MT 1929/ Canyon Crest Tucson AZ Chancellor Place Chino Hills CA Chestnut Hill Highlands NC 1995/ Colonial Gardens Woodburn OR 1987/1988/ Cooper Villa Arlington TX Corinthians ALF Carrollton TX 1996/ Corinthians RET Carrollton TX Cottonbloom Las Cruces NM 18 Country Gardens Muskogee OK 19 Courtyard at Merced Merced CA Crown Pointe Corona CA Crystal Terrace Klamath Falls OR Dorchester House Lincoln City OR 23 Emerald Square Oklahoma City OK Forest Park Victor NY Garden Way Eugene OR Glenellen North Lima OH 1931/1999/2001/ Grayson View-Harrisburg Harrisburg PA Hawthorne Gardens Portland OR Heritage Oaks Villas Lompoc CA Homestead at Newtown Newton CT Kensington Green Southbury CT Kings Manor Tacoma WA 33 Laurel Estates Orange CT Legacy of Dallas Dallas GA 2003

9 35 Maison Jardin Morgan City LA Mansion at Waterford Oklahoma City OK Middlefield Oaks Cottage Grove OR Northwesterly Lakewood OH Paragon Gardens Misson Viejo CA Park Place-SC Spartanburg SC Parkview Estates Kennewick WA Parkview Estates Kennewick WA 2005 Cottages 43 Pheasant Ridge SLC Roanoke VA Plaza at Sun Mountain Las Vegas NV Rainbow Great Falls MT 1911 (ren. 1955) 46 Richland Pines Polo Road SC 47 Riverchase Village Hoover AL Riverdale Estates Memphis TN 49 Riverside at Belfair Bluffton SC Spring Meadows Cottages Grants Pass OR Spring Meadows Grants Pass OR 2005 Retirement 52 Summit House Britt IA Sundial Modesto CA 54 Town Village Oklahoma City OK Tudor Heights Baltimore MD 56 Victorian Manor Batavia NY Victory Hills Kansas City KS 1988 (renov. In '04) 58 Waterfield Las Vegas NV Weatherly Springs Huntsville AL Willows at Sherman Sherman TX 1997 Non-Senior Living Properties: Apartment Buildings Name: City: State: 1 Overlook Apartments Charlotte NC 2 Post Pointe Apartments Atlanta GA 3 River's Edge Apartments Spring Lake NC DivestCo Properties

10 Commerical Properties Name: City: State: 1 Cascadia Canyon I Salem OR 2 HR Retail Properties Salem OR 3 Sunwest Properties Warehouse Salem OR 4 Sunwest Properties II Home Office Salem OR Residential Properties Name: City: State: Wallace Road House Salem OR 2 Pronghorn Bend OR Land Name: City: State: Size: 1 Addie Meedom Cottages Crescent CA 5 acres City 2 Cedar Ridge Nanaimo BC 10.7 acres 3 Clark 40 Salem OR 40 acres 4 Copper Springs Hobbs NM 5.1 acres 5 Crescent Beach Cape ME 5.2 acres Elizabeth 6 Grahams Ferry (The Grove) Wilsonville OR 93 acres 7 Greenleaf Farms I, LLC Jefferson OR 8 HR Stayton Retail Stayton OR 7.4 acres 9 Meeker Terrace Puyallup WA 19.3 acres 10 Milton Senior Living Milton WA 11 Monteith Village Albany OR 42.9 acres 12 Orchard Heights Salem OR 18 acres 13 Sierra Village at Riverwalk Riverside CA 6 acres 14 Smart Park 4 Richland WA 34 acres 15 Spring Lake Property, LLC Spring Lake NC 19.4 acres 16 Vista Pointe Medford OR 6.7 acres 17 Wheatfields Clovis NM DivestCo Properties

11 HOLDCO PROPERTIES PROPERTIES TO BE HELD BY REITCO Senior Living Properties: Name: City: State: Units Year Built: Available: 1 Absaroka Cody WY Alpine Court Eugene OR Alpine Springs Eugene OR Apple Ridge Denver CO Autumn Glen Indianapolis IN Autumn Park Indianapolis IN Azalea Gardens Oxford MS Big Sky Butte MT / Brentmoor Minot ND / Briarwood Springfield OR Brookside Buford GA /1997/ Buckingham Glastonbury CT Estates 13 Cambridge Place Great Falls MT Canterbury Court Harlington TX Canterbury Harlington TX Gardens 16 Canyonview Amarillo TX Estates 17 Carriage Inn Portland TX Cedar Ridge Broken Arrow OK Century Fields Lebanon OR Champlin Shores Champlin MN Chandler Place Rock Hill SC Chehalem Springs Newberg OR Chesterley Court Yakima WA Chesterley Yakima WA Meadows 25 Chestnut Lane Gresham OR Chris Ridge Phoenix AZ Churchill Mooresville NC /2005(6) 28 Cliff View Saint George UT HoldCo Properties

12 29 Cordova Estates Cordova TN Cottage Village Lubbock TX / Cottages, The Albuquerque NM /1998/ Cougar Springs Redmond OR Court at Clifton Clifton Park NY Park/Beacon Pointe/Willow Trace 34 Court at Greece NY Greece/Crimson Ridge Gardens/Harvest Glen 35 Court at Orchard Orchard Park NY Park/Quaker's Landing 36 Courtyard Lawrenceville GA Gardens 37 Culpepper Place Paducah KY Deer Meadows Sheridan OR Desert Springs Phoenix AZ Dry Creek Ellensburg WA Eagle Cove Eagle Pointe OR / Eagle Meadows College Place WA Eagles Manor Great Falls MT Eden Estates Bedford TX Eldorado Heights Klamath Falls OR Emerald Estates Baltimore MD Emerald Pointe Cedar City UT Englewood Yakima WA Heights 49 Fishers Landing Vancouver WA Flint River Macon GA Forest Glen Canyonville OR Fox River Appleton WI Georgian Place Newnan GA Glendale Place Murray KY Golden Eagle Great Falls MT /2000 Plaza 56 Grayson View- Selinsgrove PA /2002 Selinsgrove 57 Hawthorne Inn at Greenville SC Greenville 58 Hawthorne Inn at Hilton Head Hilton Head SC HoldCo Properties

13 59 Heartland Park Seward NE Heritage Place Tahlequah OK Heritage, The Bridgeport WV / Hermiston Hermiston OR /1999 Terrace 63 Heron Pointe Monmouth OR Heron Pointe Monmouth OR Cottages 65 Hillside McMinnville OR /2000/2001/ Holiday Lane North Richland TX Estates Hills 67 Lake Pointe Hartwell GA Lake Springs Buford GA Lake Springs Buford GA Cottages 70 Lakeside Stayton OR Lakeside Cottages Stayton OR Lassen House Red Bluff CA Laurel Gardens Florence SC LaVilla Roswell NM Legacy Crossing Franklin TN Legacy Gardens Madison WI / Lexington West Columbia SC Gardens 78 Magnolia Gardens Muskogee OK Manchester Oklahoma City OK /2000 House 80 Manor House Roseburg OR Maplewood Bridgeport WV / Meadowlark Yreka CA / Medallion Dallas TX Minnetonka Minnetonka MN Monroe House Sterling VA Montclair Park Poulsbo WA / Moses Lake Moses Lake WA Mountain Laurel Glastonbury CT / Mountain View- Ashland OR Ashland 90 Necanicum Village Seaside OR Northpark Place Sioux City IA Northridge Kearney NE Oak Tree Village St. Peters MO Oakridge Stevens Point WI / Oaks, The Wayne NE /2001 HoldCo Properties

14 96 Orchard Glen Orchard Park NY Orchard Park Clearlake CA Osprey Court McMinnville OR Oswego Springs Portland OR Palm Meadows Hilton Head SC Court 101 Palm Meadows Hilton Head SC Village 102 Palms, The Roseville CA Paradise Valley Phoenix AZ Park Avenue Lexington NE Estates 105 Park Place-OR Portland OR Parkway Village Spokane WA / Peachtree Village- Commerce GA /2004 GA 108 Peachtree Village- Roswell NM /1999 NM 109 Peridot Prescott AZ Plaza on the River Kerrville TX / Quail Hollow Richland WA Remington House Kingsport TN River Road Keizer OR River Rock Lodge Jackson Hole WY River Valley Tualatin OR Landing 116 Rose Terrace Memphis TN Rose Valley Scappose OR Rose Valley Scappose OR Cottages 119 Rosemont at Houston TX Clearlake 120 Sandia Springs Rio Rancho NM Sellwood Landing Portland OR Sequoia Springs Fortuna CA / Sequoia Springs Fortuna CA Cottages 124 Spring Arbor Rock Hill SC Spring Creek Plano TX Gardens 126 Spring Estates Kenmore WA Spring Mountain Marietta GA Spring Pointe Grants Pass OR Spring Village Grants Pass OR HoldCo Properties

15 130 Statesman Club Oklahoma City OK Stone Mountain Stone GA Mountain 132 Stonebridge Vancouver WA Sugarland Ridge Sheridan WY / Sunrise Creek Montrose CO Sunshine Village Phoenix AZ Sweetwater Lithia Springs GA Springs 137 Terrace at Hendersonville TN Bluegrass 138 Terrace at Jasper Jasper AL /2004/ Terrace at Canton GA Riverstone 140 Terrace at Woodstock GA /2001 Woodstock 141 Valley View John Day OR Villa Del Rey Roswell NM Village at Greece NY Greece/Crimson Ridge Meadows 144 Waterford in Nashville TN Bellevue 145 West Park Place West Allis WI (renov. 1999) 146 Westbrook Purcell OK Gardens 147 Willow Creek Yougtown AZ Willow Ridge Mc Cook NE Windfield Village Wilsonville OR Woodside Village Springfield OR Woodstock Woodstock GA Estates 152 Wyndmoor Terre Haute IN HoldCo Properties

16 Non-Senior Living Properties: Apartment Bulidings Name: City: State: 1 Bluffs at Northwood Apartments Gastonia NC 2 French Quarter Apartments Wichita Falls TX 3 Willow Trace Apartments Clemmons NC Commercial Properties Name: City: State: 1 Bechtel Warehouse Richland WA 2 Blue Mountain Associates Walla Walla WA 3 Cascadia Canyon II Salem OR 4 Cold Spring II Hermiston OR 5 Fairview Business Flex Park, LLC Salem OR 6 HR Industrial Properties Gervais OR 7 HR Salem Associates Salem OR 8 Yakima Medical School Holdings Yakima OR Bare Land Name: City: State: Size: 1 Absaroka expansion land Cody WY 2 acres HoldCo Properties

17 TRUSTCO PROPERTIES PROPERTIES TO BE TRANSFERRED TO TRUSTCO Land With Bank Debt: Name: City: State: Size: 1 Cold Spring 1 (Tumulum Property) Hermiston OR 11 acres 2 College Park Associates 1 College WA 13.5 acres Place 3 Cordova Estates Cottages Cordova TN 2.3 acres 4 River Pines Post Falls ID 8.2 acres 5 Smart Park 3 (Framatome) Richland WA 84 acres Land Without Bank Debt: Name: City: State: Size: 1 Autumn Park Cottages Indianapolis IN 0.79 acres 2 Avondale Senior Living Avondale AZ 7.3 acres 3 Blossom Valley Cottages Wenatchee WA 1.5 acres 4 Boones Ferry Place Woodburn OR 4.3 acres 5 Braxton Senior Living Fort Bragg CA 8 acres 6 Chaparell Heights Highland CA 5.2 acres 7 Chesterley Meadows Cottages Yakima WA 3.8 acres 8 Cottonwood Lodge Salem OR 18 acres 9 Drakes Landing Eugene OR 6.6 acres 10 Garden Estates Cottages Temple TX 11.5 acres 11 Gemstone Salem OR 4 acres 12 Gresham Station Gresham OR 4.1 acres 13 Hawthorne Inn Cottages Greenville SC 1.24 acres 14 Lacey Care, LLC Lacey WA 6.0 acres 15 Lavender Fields Sequim WA 6.1 acres 16 Lowlands Salem OR 8.26 acres 17 Meadowlark Cottages Yreka CA 2 acres 18 Mountain Terrace Broomfield CO 7.3 acres 19 Oregon Gardens Silverton OR 2.3 acres 20 Poulsbo Senior Living Poulsbo WA 4.6 acres 21 Prairie Ridge Cheyenne WY 7.9 acres 22 Presidio Pointe Atwater CA 6.2 acres TrustCo Properties

18 23 Regal Estates Cottages League City TX 2.75 acres 24 Riddle Road Canyonville OR 0.57 acres 25 Rose Valley Cottages II Scappoose OR 3 acres 26 Sierra Village at Riverwalk Riverside CA 6 acres 27 Sunshine Village Cottages Scottsdale AZ 2 acres 28 Sweetwater Springs Cottages Lithia GA 1.56 acres Springs 29 White Cliffs Kingman AZ 9.8 acres Commercial Property: Name: City: State: 1 Smart Park PH 1, LLC Richland WA TrustCo Properties

19 ASSUMPTIONS FOR INVESTOR ANALYSIS 1. For purposes of determining an investors equity value as of March 2, 2009, Alvarez & Marsal ( A&M ) and Hamstreet & Associates prepared desktop valuations of each facility and allocated equity among the different investors. These enterprise valuations are based on a combination of operating data, recent comparable public companies, recent sale transactions, market knowledge obtained from recent Sunwest facility marketing efforts, and A&M s industry knowledge and market research. We chose March 1, 2009, as the baseline date because the injunction began the next day. 2. Three industrystandard methods to calculate enterprise value were used. These methods are offers from bona fide thirdparty buyers, an income approach, and a per unit approach If there were recent offers to acquire the property by thirdparties, these were used An income approach which utilizes a capitalization rate and net operating income ( NOI ) to calculate the enterprise value of each facility. Annual net operating income is divided by a figure called the capitalization rate, or cap rate. The cap rate is similar to the expected yield an investor requires for his or her investment. The lower the cap rate the lower yield the investor expects. Lower cap rates indicate more active real estate markets, higher valuations, and more investor demand. Conversely, higher cap rates reflect investors requirement for a higher return or yield on their investment, less active real estate markets, lower valuations, and less investor demand As an example, the facilities sold in the Lone Star transaction, which was negotiated in the fall of 2008, were some of Sunwest s best facilities and had very few TICs. The cap rate for that sale was 9.1%. No major transactions have taken place since then, but in general markets have worsened and cap rates in March 2009 are estimated to be between 9% and 10% Net operating income was calculated by annualizing the trailing 90 days NOI ending March 31, We excluded December as December usually has many onetime adjustments which would bias the NOI. To annualize the NOI we averaged the 90day trailing NOI and then multiplied by Cap rates cannot be usefully applied to facilities with negative NOI or whose performance is changing rapidly. In these cases, we used per unit estimates for enterprise value, taking into consideration the size, age and condition of the facility, market area, and other factors. Per unit values ranged from $50,000 to $110,000. 1

20 By way of comparison, average perunit values were $105,000 for the Lone Star transaction and $67,000 for the Carolina 7 transaction In most cases, the estimated enterprise value used in the investor analysis spreadsheet is an average of the results yielded by the cap rate and the perunit methodologies. In every case, however, the final value estimate is at least 80% of the higher result Transaction costs were not considered in the analysis. 3. We allocated value among different components of the enterprise. For each property, there are certain components of value. For example, a senior living facility is an enterprise whose value consists of real estate (land and building) and operations (resident contracts, Medicaid contracts, state license, employee contracts, and, furniture, fixtures, and equipment ( FF&E ) In developing or acquiring its assets, Sunwest typically employed two business structures that hold these different real estate and operational components. Under an earlier system, a single entity called an OmniCo owned both the operations and the real estate of a given asset. The OmniCo would be the borrower on the loan, and, if TICs were present, the OmniCo would be their cotenant in the property. NonSunwest preferred investors or LLC members might also be involved in the OmniCo, and note holders may have loaned money to the entity The other, later structure used by Sunwest is the OpCo/PropCo or OpCo/ arrangement. The OpCo is the operating entity, holding the resident, Medicaid, and employee contracts, the state license, and the FF&E. The PropCo (also called ) is the landowning entity and the borrower on the loan documents. If TICs were present, the PropCo would be their cotenant in the property. NonSunwest investors might also be present in either the OpCo or the PropCo In an incomeproducing asset, the real estate and operating components of the asset were valued separately. Owners of the real estate entity do not own a share of the operations, and vice versa. The Investor Analysis spreadsheet allocates the real estate and operational values at 50% each. This allocation is based on the professional judgment of the CRO. 4. We allocated value among the interests owned by different parties following certain principles The owner of the controlling interest of an entity is entitled to a control premium. According to the report prepared by Shannon Pratt (Exhibit A to the Declaration of Clyde A. Hamstreet), the value of control premium is estimated to anywhere from 20% to 50%, depending upon a variety of factors. In an analysis prepared by Shannon Pratt of 18 nursing home, residential care, and retirement community takeovers during the past 11 years, the average control premium was 2

21 found to be 45.8%. For purposes of allocating value, we used a more conservative 25% control premium and allocated to the estate which has the control A TIC who owns 5% of the real property of an assisted living facility does not necessarily have a claim to 5% of the proceeds from the sale of that facility TICs own fractional interests in the real estate (sometimes the land only, sometimes the land and building), which they lease to a master tenant. The master tenant is responsible for operating the project. The TICs do not own the operations Through the tenancy in common agreement, master lease, and other agreements they made with Sunwest, TICs gave up many of the rights typically associated with real property ownership, including the rights of use, control, exclusion, and sale From the perspective of what a TIC interest could sell for as compared to the property as a whole, the fractional ownership and limited nature of TIC rights warrant an additional discount. The size of these discounts can vary from 10%60%, and depend on a variety of factors. Larger discounts arise when there are smaller interests, more owners, smaller tracts, and difficulty of financing. For the Investor Analysis we did not apply a discount to the TICs ownership interest. The value of the TICs ownership interest was limited to the value of the real estate. For example, if a TIC owned 50% of the real estate and another investor owned 50% of the real estate as a cotenant, the TIC would only own 25% of the equity of the facility. 3

22 Alpine Court Average monthly trailing 90day NOI 3/31/09 97,337 Location (City) Eugene Estate Investors Annualized NOI 1,168,043 Location (State) OR Equity available for distribution 4,540,768 Occupancy as of 3/31/ % Status HoldCo Less: Control 25% (1,135,192) 1,135,192 Monthly debt service (nondefault) 32,568 # of Units 72 Remainder allocated to owners/investors 3,405,576 1,135,192 Lender Column Financial, LLC 20 Using Capital Rate Methodology HFG contribution to estate 433, ,518 Capital Rate 9.5% Other SW 21,115 21,115 Annualized Average T90 Monthly NOI 1,168,043 Investors 1,248,155 1,248,155 Estimated Enterprise Value 12,295,189 Total of Equity Allocated to Operator 1,702,788 Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 110,000 EV based on per unit HFG contribution to estate # of Units 72 Other SW Estimated Enterprise Value 7,920,000 Investors OmniCo CoTenants HFG 433, ,518 Estimated Enterprise Value 10,107,594 OmniCo CoTenants Other SW 21,115 21,115 Less: Secured Debt (5,857,673) OmniCo CoTenants Investors 1,248,155 1,248,155 Less: Operating Liabilities 290,847 TICs Equity available for distribution 4,540,768 Total of Equity Allocated to 1,702,788 Outstanding Notes Totals $ 4,540,768 $ 2,002,229 $ 2,538,539 % of Equity 100.0% 44.1% 55.9% HFG 25.5% Other SW 1.2% Investors 73.3% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% WESpecializedCare,LLC Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

23 Alpine Springs Average monthly trailing 90day NOI 3/31/09 64,687 Location (City) Eugene Estate Investors Annualized NOI 776,245 Location (State) OR Equity available for distribution 2,948,275 Occupancy as of 3/31/ % Status HoldCo Less: Control 25% (737,069) 737,069 Monthly debt service (nondefault) 27,553 # of Units 70 Remainder allocated to owners/investors 2,211, ,069 Lender Capmark Finance, Inc. Using Capital Rate Methodology HFG contribution to estate 552, ,802 Capital Rate 9.5% Other SW Annualized Average T90 Monthly NOI 776,245 Investors 552, ,802 Estimated Enterprise Value 8,171,004 Total of Equity Allocated to Operator 1,105,603 Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 110,000 EV based on per unit HFG contribution to estate 552, ,802 # of Units 70 Other SW Estimated Enterprise Value 7,700,000 Investors 552, ,802 OmniCo CoTenants HFG Estimated Enterprise Value 7,935,502 OmniCo CoTenants Other SW Less: Secured Debt (4,755,607) OmniCo CoTenants Investors Less: Operating Liabilities (231,619) TICs Equity available for distribution 2,948,275 Total of Equity Allocated to 1,105,603 Outstanding Notes Totals $ 2,948,275 $ 1,842,672 $ 1,105,603 % of Equity 100.0% 62.5% 37.5% REAL ESTATE HFG 50.0% Other SW 0.0% Investors 50.0% 100.0% HFG 50.0% Other SW 0.0% Investors 50.0% 100.0% TICs 0.0% CoTenant 100.0% AlpineSpringsIII,LLC AlpineSprings,LLC Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

24 Brentmoor Average monthly trailing 90day NOI 3/31/09 97,530 Location (City) Minot Estate Investors Annualized NOI 1,170,362 Location (State) ND Equity available for distribution 1,047,571 Occupancy as of 3/31/ % Status HoldCo Less: Control 25% (261,893) 261,893 Monthly debt service (nondefault) 43,355 # of Units 85 Remainder allocated to owners/investors 785, ,893 Lender Column Financial, LLC 27 Using Capital Rate Methodology HFG contribution to estate 322, ,128 Capital Rate 9.5% Other SW 70,711 70,711 Annualized Average T90 Monthly NOI 1,170,362 Investors Estimated Enterprise Value 12,319,602 Total of Equity Allocated to Operator 392,839 Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 110,000 EV based on per unit HFG contribution to estate # of Units 85 Other SW Estimated Enterprise Value 9,350,000 Investors OmniCo CoTenants HFG 322, ,128 Estimated Enterprise Value 10,834,801 OmniCo CoTenants Other SW 70,711 70,711 Less: Secured Debt (9,590,000) OmniCo CoTenants Investors Less: Operating Liabilities (197,230) TICs Equity available for distribution 1,047,571 Total of Equity Allocated to 392,839 Outstanding Notes Totals $ 1,047,571 $ 906,149 $ 141,422 % of Equity 100.0% 86.5% 13.5% HFG 82.0% Other SW 18.0% Investors 0.0% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% MinotSeniorLiving,LLC Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

25 Briarwood Average monthly trailing 90day NOI 3/31/09 137,888 Location (City) Springfield Estate Investors Annualized NOI 1,654,656 Location (State) OR Equity available for distribution 3,819,723 Occupancy as of 3/31/ % Status HoldCo Less: Control 25% (954,931) 954,931 Monthly debt service (nondefault) 60,721 # of Units 126 Remainder allocated to owners/investors 2,864, ,931 Lender New South Federal Savings Bank Using Capital Rate Methodology HFG contribution to estate 628, ,766 Capital Rate 9.5% Other SW Annualized Average T90 Monthly NOI 1,654,656 Investors 803, ,631 Estimated Enterprise Value 17,417,436 Total of Equity Allocated to Operator 1,432,396 Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 119,048 EV based on offer HFG contribution to estate # of Units 126 Other SW Estimated Enterprise Value 15,000,000 Investors OmniCo CoTenants HFG 628, ,766 Estimated Enterprise Value 16,208,718 OmniCo CoTenants Other SW Less: Secured Debt (13,165,000) OmniCo CoTenants Investors 803, ,631 Less: Operating Liabilities 776,005 TICs Equity available for distribution 3,819,723 Total of Equity Allocated to 1,432,396 Outstanding Notes Totals $ 3,819,723 $ 2,212,462 $ 1,607,261 % of Equity 100.0% 57.9% 42.1% HFG 43.9% Other SW 0.0% Investors 56.1% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% BriarwoodRetirementandAssistedLivingCommunity,LLC Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

26 Cambridge Place Average monthly trailing 90day NOI 3/31/09 41,392 Location (City) GreatFalls Estate Investors Annualized NOI 496,698 Location (State) MT Equity available for distribution 1,697,704 Occupancy as of 3/31/ % Status HoldCo Less: Control 25% (424,426) 424,426 Monthly debt service (nondefault) 21,296 # of Units 61 Remainder allocated to owners/investors 1,273, ,426 Lender KeyCorp Using Capital Rate Methodology HFG contribution to estate 426, ,548 Capital Rate 9.5% Other SW 146, ,427 Annualized Average T90 Monthly NOI 496,698 Investors 63,664 63,664 Estimated Enterprise Value 5,228,403 Total of Equity Allocated to Operator 636,639 Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 110,000 EV based on per unit HFG contribution to estate # of Units 61 Other SW Estimated Enterprise Value 6,710,000 Investors OmniCo CoTenants HFG 426, ,548 Estimated Enterprise Value 5,969,201 OmniCo CoTenants Other SW 146, ,427 Less: Secured Debt (4,179,138) OmniCo CoTenants Investors 63,664 63,664 Less: Operating Liabilities (92,360) TICs Equity available for distribution 1,697,704 Total of Equity Allocated to 636,639 Outstanding Notes Totals $ 1,697,704 $ 1,277,522 $ 420,182 % of Equity 100.0% 75.3% 24.8% HFG 67.0% Other SW 23.0% Investors 10.0% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% CambridgePlaceGF,LLC Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

27 Canyonview Estates Average monthly trailing 90day NOI 3/31/09 98,836 Location (City) Amarillo Estate Investors Annualized NOI 1,186,031 Location (State) TX Equity available for distribution 6,197,744 Occupancy as of 3/31/ % Status HoldCo Less: Control 25% (1,549,436) 1,549,436 Monthly debt service (nondefault) 31,890 # of Units 132 Remainder allocated to owners/investors 4,648,308 1,549,436 Lender Column Financial, LLC 27 Using Capital Rate Methodology HFG contribution to estate 1,336,389 1,336,389 Capital Rate 9.5% Other SW 627, ,522 Annualized Average T90 Monthly NOI 1,186,031 Investors 360, ,244 Estimated Enterprise Value 12,484,542 Total of Equity Allocated to Operator 2,324,154 Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 110,000 EV based on per unit HFG contribution to estate # of Units 132 Other SW Estimated Enterprise Value 14,520,000 Investors OmniCo CoTenants HFG 1,336,389 1,336,389 Estimated Enterprise Value 13,502,271 OmniCo CoTenants Other SW 627, ,522 Less: Secured Debt (7,054,000) OmniCo CoTenants Investors 360, ,244 Less: Operating Liabilities (250,527) TICs Equity available for distribution 6,197,744 Total of Equity Allocated to 2,324,154 Outstanding Notes Totals $ 6,197,744 $ 4,222,213 $ 1,975,531 % of Equity 100.0% 68.1% 31.9% HFG 57.5% Other SW 27.0% Investors 15.5% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% AmarilloAssistedLivingLimitedPartnership Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

28 Century Fields Average monthly trailing 90day NOI 3/31/09 49,205 Location (City) Lebanon Estate Investors Annualized NOI 590,464 Location (State) OR Equity available for distribution Occupancy as of 3/31/ % Status HoldCo Less: Control 25% Monthly debt service (nondefault) 62,854 # of Units 92 Remainder allocated to owners/investors Lender New South Federal Savings Bank Using Capital Rate Methodology HFG contribution to estate Capital Rate 9.5% Other SW Annualized Average T90 Monthly NOI 590,464 Investors Estimated Enterprise Value 6,215,414 Total of Equity Allocated to Operator Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 110,000 EV based on per unit HFG contribution to estate # of Units 92 Other SW Estimated Enterprise Value 10,120,000 Investors OmniCo CoTenants HFG Estimated Enterprise Value 8,167,707 OmniCo CoTenants Other SW Less: Secured Debt (10,813,545) OmniCo CoTenants Investors Less: Operating Liabilities 218,151 TICs Equity available for distribution (2,427,687) Total of Equity Allocated to Outstanding Notes Totals $ $ $ % of Equity 0% 0% 0% C) Ownership Data D) No Equity Value Available to Allocate HFG 40.7% Other SW 9.3% Investors 50.0% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% CenturyFieldsRetirementandAssistedLivingCommunity,LLC Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

29 Champlin Shores Average monthly trailing 90day NOI 3/31/09 110,433 Location (City) Champlin Estate Investors Annualized NOI 1,325,201 Location (State) MN Equity available for distribution 3,894,637 Occupancy as of 3/31/ % Status HoldCo Less: Control 25% (973,659) 973,659 Monthly debt service (nondefault) 58,803 # of Units 133 Remainder allocated to owners/investors 2,920, ,659 Lender Column Financial, LLC 20 Using Capital Rate Methodology HFG contribution to estate 1,139,181 1,139,181 Capital Rate 9.5% Other SW 321, ,308 Annualized Average T90 Monthly NOI 1,325,201 Investors Estimated Enterprise Value 13,949,480 Total of Equity Allocated to Operator 1,460,489 Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 110,000 EV based on per unit HFG contribution to estate # of Units 133 Other SW Estimated Enterprise Value 14,630,000 Investors OmniCo CoTenants HFG 1,139,181 1,139,181 Estimated Enterprise Value 14,289,740 OmniCo CoTenants Other SW 321, ,308 Less: Secured Debt (10,754,000) OmniCo CoTenants Investors Less: Operating Liabilities 358,897 TICs Equity available for distribution 3,894,637 Total of Equity Allocated to 1,460,489 Outstanding Notes Totals $ 3,894,637 $ 3,252,022 $ 642,615 % of Equity 100.0% 83.5% 16.5% HFG 78.0% Other SW 22.0% Investors 0.0% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% Champlin,LLC Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

30 Chandler Place Average monthly trailing 90day NOI 3/31/09 50,290 Location (City) RockHill Estate Investors Annualized NOI 603,479 Location (State) SC Equity available for distribution 306,716 Occupancy as of 3/31/ % Status HoldCo Less: Control 25% (76,679) 76,679 Monthly debt service (nondefault) 52,875 # of Units 120 Remainder allocated to owners/investors 230,037 76,679 Lender Capmark Finance, Inc. Using Capital Rate Methodology HFG contribution to estate 87,414 87,414 Capital Rate 9.5% Other SW 21,853 21,853 Annualized Average T90 Monthly NOI 603,479 Investors 5,751 5,751 Estimated Enterprise Value 6,352,412 Total of Equity Allocated to Operator 115,018 Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 90,000 EV based on per unit HFG contribution to estate # of Units 120 Other SW Estimated Enterprise Value 10,800,000 Investors OmniCo CoTenants HFG 87,414 87,414 Estimated Enterprise Value 8,640,000 OmniCo CoTenants Other SW 21,853 21,853 Less: Secured Debt (8,291,421) OmniCo CoTenants Investors 5,751 5,751 Less: Operating Liabilities (41,863) TICs Equity available for distribution 306,716 Total of Equity Allocated to 115,018 Outstanding Notes Totals $ 306,716 $ 251,507 $ 55,209 % of Equity 100.0% 82.0% 18.0% HFG 76.0% Other SW 19.0% Investors 5.0% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% ChandlerPlaceSeniorLiving,LLC Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

31 Chesterley Court Average monthly trailing 90day NOI 3/31/09 21,586 Location (City) Yakima Estate Investors Annualized NOI 259,033 Location (State) WA Equity available for distribution 351,711 Occupancy as of 3/31/ % Status HoldCo Less: Control 25% (87,928) 87,928 Monthly debt service (nondefault) 8,110 # of Units 16 Remainder allocated to owners/investors 263,784 87,928 Lender Column Financial, LLC 27 Using Capital Rate Methodology HFG contribution to estate 131, ,892 Capital Rate 9.5% Other SW Annualized Average T90 Monthly NOI 259,033 Investors Estimated Enterprise Value 2,726,668 Total of Equity Allocated to Operator 131,892 Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 110,000 EV based on per unit HFG contribution to estate # of Units 16 Other SW Estimated Enterprise Value 1,760,000 Investors OmniCo CoTenants HFG 131, ,892 Estimated Enterprise Value 2,243,334 OmniCo CoTenants Other SW Less: Secured Debt (1,794,000) OmniCo CoTenants Investors Less: Operating Liabilities (97,623) TICs Equity available for distribution 351,711 Total of Equity Allocated to 131,892 Outstanding Notes Totals $ 351,711 $ 351,711 $ % of Equity 100.0% 100.0% 0.0% HFG 100.0% Other SW 0.0% Investors 0.0% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% YakimaAlzheimer'sCare,L.L.C. Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

32 Chesterley Meadows Average monthly trailing 90day NOI 3/31/09 57,510 Location (City) Yakima Estate Investors Annualized NOI 690,116 Location (State) WA Equity available for distribution 1,055,178 Occupancy as of 3/31/ % Status HoldCo Less: Control 25% (263,794) 263,794 Monthly debt service (nondefault) 28,915 # of Units 70 Remainder allocated to owners/investors 791, ,794 Lender Column Financial, LLC 27 Using Capital Rate Methodology HFG contribution to estate 395, ,692 Capital Rate 9.5% Other SW Annualized Average T90 Monthly NOI 690,116 Investors Estimated Enterprise Value 7,264,383 Total of Equity Allocated to Operator 395,692 Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 110,000 EV based on per unit HFG contribution to estate # of Units 70 Other SW Estimated Enterprise Value 7,700,000 Investors OmniCo CoTenants HFG 395, ,692 Estimated Enterprise Value 7,482,191 OmniCo CoTenants Other SW Less: Secured Debt (6,396,000) OmniCo CoTenants Investors Less: Operating Liabilities (31,014) TICs Equity available for distribution 1,055,178 Total of Equity Allocated to 395,692 Outstanding Notes Totals $ 1,055,178 $ 1,055,178 $ % of Equity 100.0% 100.0% 0.0% HFG 100.0% Other SW 0.0% Investors 0.0% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% YakimaSeniorCare,L.L.C. Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

33 Cliff View Average monthly trailing 90day NOI 3/31/09 38,625 Location (City) SaintGeorge Estate Investors Annualized NOI 463,499 Location (State) UT Equity available for distribution Occupancy as of 3/31/ % Status HoldCo Less: Control 25% Monthly debt service (nondefault) 44,838 # of Units 74 Remainder allocated to owners/investors Lender Column Financial, LLC 20 Using Capital Rate Methodology HFG contribution to estate Capital Rate 9.5% Other SW Annualized Average T90 Monthly NOI 463,499 Investors Estimated Enterprise Value 4,878,939 Total of Equity Allocated to Operator Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 110,000 EV based on per unit HFG contribution to estate # of Units 74 Other SW Estimated Enterprise Value 8,140,000 Investors OmniCo CoTenants HFG Estimated Enterprise Value 6,512,000 OmniCo CoTenants Other SW Less: Secured Debt (8,200,000) OmniCo CoTenants Investors Less: Operating Liabilities 54,967 TICs Equity available for distribution (1,633,033) Total of Equity Allocated to Outstanding Notes Totals $ $ $ % of Equity 0% 0% 0% C) Ownership Data D) No Equity Value Available to Allocate HFG 78.0% Other SW 22.0% Investors 0.0% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% St.GeorgeSeniorLiving,LLC Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

34 Cordova Estates Average monthly trailing 90day NOI 3/31/09 34,655 Location (City) Cordova Estate Investors Annualized NOI 415,863 Location (State) TN Equity available for distribution Occupancy as of 3/31/ % Status HoldCo Less: Control 25% Monthly debt service (nondefault) 23,662 # of Units 76 Remainder allocated to owners/investors Lender Column Financial, LLC 27 Using Capital Rate Methodology HFG contribution to estate Capital Rate 9.5% Other SW Annualized Average T90 Monthly NOI 415,863 Investors Estimated Enterprise Value 4,377,506 Total of Equity Allocated to Operator Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 70,000 EV based on per unit HFG contribution to estate # of Units 76 Other SW Estimated Enterprise Value 5,320,000 Investors OmniCo CoTenants HFG Estimated Enterprise Value 4,848,753 OmniCo CoTenants Other SW Less: Secured Debt (5,234,000) OmniCo CoTenants Investors Less: Operating Liabilities (362,610) TICs Equity available for distribution (747,857) Total of Equity Allocated to Outstanding Notes Totals $ $ $ % of Equity 0% 0% 0% C) Ownership Data D) No Equity Value Available to Allocate HFG 81.0% Other SW 19.0% Investors 0.0% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% CordovaSeniorLiving,LLC Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

35 Court at Clifton Park/Beacon Pointe/W Average monthly trailing 90day NOI 3/31/09 52,554 Location (City) Estate Investors Annualized NOI 630,649 Location (State) Equity available for distribution 1,395,722 Occupancy as of 3/31/ % Status HoldCo Less: Control 25% (348,930) 348,930 Monthly debt service (nondefault) 27,340 # of Units 52 Remainder allocated to owners/investors 1,046, ,930 Lender Column Financial, LLC 20 Using Capital Rate Methodology HFG contribution to estate 523, ,396 Capital Rate 9.5% Other SW Annualized Average T90 Monthly NOI 630,649 Investors Estimated Enterprise Value 6,638,409 Total of Equity Allocated to Operator 523,396 Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 110,000 EV based on per unit HFG contribution to estate # of Units 52 Other SW Estimated Enterprise Value 5,720,000 Investors OmniCo CoTenants HFG 523, ,396 Estimated Enterprise Value 6,179,204 OmniCo CoTenants Other SW Less: Secured Debt (4,953,000) OmniCo CoTenants Investors Less: Operating Liabilities 169,518 TICs Equity available for distribution 1,395,722 Total of Equity Allocated to 523,396 Outstanding Notes Totals $ 1,395,722 $ 1,395,722 $ % of Equity 100.0% 100.0% 0.0% HFG 100.0% Other SW 0.0% Investors 0.0% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% CourtatCliftonParkLLC Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

36 Court at Greece/Crimson Ridge Garde Average monthly trailing 90day NOI 3/31/09 39,812 Location (City) Estate Investors Annualized NOI 477,748 Location (State) Equity available for distribution 753,531 Occupancy as of 3/31/ % Status HoldCo Less: Control 25% (188,383) 188,383 Monthly debt service (nondefault) 26,070 # of Units 52 Remainder allocated to owners/investors 565, ,383 Lender Column Financial, LLC 20 Using Capital Rate Methodology HFG contribution to estate 282, ,574 Capital Rate 9.5% Other SW Annualized Average T90 Monthly NOI 477,748 Investors Estimated Enterprise Value 5,028,928 Total of Equity Allocated to Operator 282,574 Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 110,000 EV based on per unit HFG contribution to estate # of Units 52 Other SW Estimated Enterprise Value 5,720,000 Investors OmniCo CoTenants HFG 282, ,574 Estimated Enterprise Value 5,374,464 OmniCo CoTenants Other SW Less: Secured Debt (4,723,000) OmniCo CoTenants Investors Less: Operating Liabilities 102,067 TICs Equity available for distribution 753,531 Total of Equity Allocated to 282,574 Outstanding Notes Totals $ 753,531 $ 753,531 $ % of Equity 100.0% 100.0% 0.0% HFG 100.0% Other SW 0.0% Investors 0.0% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% CourtatGreece,LLC Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

37 Court at Orchard Park/Quaker's Landi Average monthly trailing 90day NOI 3/31/09 41,442 Location (City) Estate Investors Annualized NOI 497,299 Location (State) Equity available for distribution 300,175 Occupancy as of 3/31/ % Status HoldCo Less: Control 25% (75,044) 75,044 Monthly debt service (nondefault) 28,747 # of Units 52 Remainder allocated to owners/investors 225,131 75,044 Lender Column Financial, LLC 20 Using Capital Rate Methodology HFG contribution to estate 112, ,566 Capital Rate 9.5% Other SW Annualized Average T90 Monthly NOI 497,299 Investors Estimated Enterprise Value 5,234,723 Total of Equity Allocated to Operator 112,566 Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 110,000 EV based on per unit HFG contribution to estate # of Units 52 Other SW Estimated Enterprise Value 5,720,000 Investors OmniCo CoTenants HFG 112, ,566 Estimated Enterprise Value 5,477,361 OmniCo CoTenants Other SW Less: Secured Debt (5,208,000) OmniCo CoTenants Investors Less: Operating Liabilities 30,813 TICs Equity available for distribution 300,175 Total of Equity Allocated to 112,566 Outstanding Notes Totals $ 300,175 $ 300,175 $ % of Equity 100.0% 100.0% 0.0% HFG 100.0% Other SW 0.0% Investors 0.0% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% CourtatOrchardParkLLC Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists

38 Courtyard Gardens Average monthly trailing 90day NOI 3/31/09 39,645 Location (City) Lawrenceville Estate Investors Annualized NOI 475,739 Location (State) GA Equity available for distribution 1,166,596 Occupancy as of 3/31/ % Status HoldCo Less: Control 25% (291,649) 291,649 Monthly debt service (nondefault) 18,386 # of Units 50 Remainder allocated to owners/investors 874, ,649 Lender Column Financial, LLC 27 Using Capital Rate Methodology HFG contribution to estate 354, ,354 Capital Rate 9.5% Other SW 83,120 83,120 Annualized Average T90 Monthly NOI 475,739 Investors Estimated Enterprise Value 5,007,776 Total of Equity Allocated to Operator 437,474 Using Per Unit Methodology or Offer from Buyer, if available Equity Allocation to / CoTenant up to 50% Per Unit Multiple 110,000 EV based on per unit HFG contribution to estate # of Units 50 Other SW Estimated Enterprise Value 5,500,000 Investors OmniCo CoTenants HFG 354, ,354 Estimated Enterprise Value 5,253,888 OmniCo CoTenants Other SW 83,120 83,120 Less: Secured Debt (4,067,000) OmniCo CoTenants Investors Less: Operating Liabilities (20,291) TICs Equity available for distribution 1,166,596 Total of Equity Allocated to 437,474 Outstanding Notes Totals $ 1,166,596 $ 1,000,356 $ 166,240 % of Equity 100.0% 85.8% 14.3% HFG 81.0% Other SW 19.0% Investors 0.0% 100.0% HFG 0.0% Other SW 0.0% Investors 0.0% 0.0% TICs 0.0% CoTenant 100.0% LawrencevilleSeniorLiving,LLC Control HFG TICs NonTIC Investors *CoTenant is the when exists otherwise the OmniCo when no exists