MEADOWCREST MEDICAL OFFICE BUILDING

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1 MEADOWCREST GRETNA (NEW ORLEANS), LOUISIANA Strategic Healthcare Real Estate EXECUTIVE SUMMARY

2 MEADOWCREST E X E C U T I V E S U M M A R Y Holliday Fenoglio Fowler, L.P. ( HFF ) has been retained by Meadowcrest Professional Building Partnership ( Owner ) on an exclusive basis with respect to the disposition of Meadowcrest Medical Office Building ( The Property or Meadowcrest MOB ) that is comprised of approximately 68,526 square feet and is currently 95% leased. The Property is located less than six miles south from the New Orleans CBD, in the affluent suburb of Gretna, Louisiana. The Property is strategically positioned on the campus of Ochsner Medical Center West Bank Campus ( the Hospital ) and connected to the Hospital via a covered walkway. The acquisition of the Property provides an investor with the opportunity to invest in a facility with strong occupancy, and an ideal on campus location that is affiliated with a strong, investment-grade health system, Ochsner Health (Moody s Baa1). 95% occupied On the campus of Ochsner Medical Center West Bank Campus (180-beds) and connected via a covered walkway. Fee Simple Ownership; No restrictions Investment-grade credit health system, Ochsner Health, is the largest tenant by footprint, occupying 24% of the GLA Property Summary Size (Sq Ft) 68,526 In-Place Occupancy 95.0% On/Off Campus On Campus Year Built/Renovated 1984/2013 # of Stories 4 Leasing Summary # of Suites 30 Weighted Avg In-Place Rent $13.16 Rent Escalations Yes Heavy medical and retail concentrations in the surrounding area Largest Tenant Ochsner Health On-site specialization including o Otolaryngology o Gynecologic oncology o Pediatrics o Primary care o Obstetrics and gynecology % of GLA 24% Offered free and clear of debt 2

3 E X E C U T I V E S U M M A R Y MEADOWCREST Property Highlights Highlights of the investment opportunity include: Strong Occupancy Currently, the Property is 95% leased. Premier On-Campus Location The Property is located on the campus of Oschner Medical Center West Bank Campus and features a covered walkway connecting the Property to the primary Hospital building. These two complementary highlights have bolstered Meadowcrest MOB as a premier medical office building with best-in-class locational benefits to supplement its ideal investment-grade tenant base. Demographics 1 Mile 3 Miles 5 Miles Population 15,153 99, ,289 Growth % 3.65% 5.13% Expected Growth % 3.37% 4.26% Avg Household Income $69,944 $62,113 $63,043 Hospital Sponsorship The Property offers an investor the opportunity to acquire a medical office building anchored by Oschner that is one of the market s leading hospitals in its respective service area. The credit tenancy of Ochsner Health provides a reliable source of future cash flow. Strong Demographics Gretna, Louisiana, is located approximately six miles south of New Orleans CBD in Jefferson Parish, the second-most populous parish in Louisiana. Given its size relative to the other communities in the area, strong future growth projections and above-average household income make this location particularly attractive. Fee Simple Ownership Meadowcrest MOB can be acquired on a fee simple basis with absolutely no restrictions that are most common with oncampus medical office buildings. 3

4 MEADOWCREST E X E C U T I V E S U M M A R Y Strategic Hospital Affiliation Meadowcrest MOB offers an investor the opportunity to acquire the Property located on the campus of, and connected to Oschner Medical Center West Bank (180-beds), one of the most respected medical centers in the market. Operated by one of the premier health systems in the Southern United States, Ochsner Health (Moody s Baa1) has been a recipient of some of the country s most prestigious awards over many years, and carries this reputation to its West Bank Campus as well as to the Property. This dominant health system presence acting as anchor tenant at the Property provides an solid foundation and reliability to its already impressive tenant base. 23 Meadowcrest MOB Parking Meadowcrest MOB Belle Chasse Highway Meadowcrest Street Meadowcrest MOB Parking Elevated, Enclosed Connecting Walkway West Bank Campus 4

5 E X E C U T I V E S U M M A R Y MEADOWCREST EW ORLEANS TERNATIONAL AIRPORT OISANT FIELD) OUTH ENNER S. Kenner Rd Airport Rd 61 Williams Blvd Veteran's Hwy WESTGATE Jefferson Hwy WAGGAMAN cademy Dr BRIDGEDALE W. Metairie Ave Airline Hwy Dickory Ave Clearview Pkwy Earhart Expwy HARAHAN 48 AVONDALE W. Esplanade Ave S Clearview Pkwy Clearly Ave Jefferson BRIDGE CITY Hwy River Rd N. Causeway Blvd Causeway Blvd WESTWEGO METAIRIE Earhart Expwy BUCKTOWN BONNABEL PLACE 61 Monticello Ave S. Carrollton Ave Lapalco Blvd West End Blvd Tulane University Filmore Ave Canal Blvd Fontainebleu Loyola University M i Marconi Dr Canal St Tulane Ave s s i 6 Orleans Ave Earhart Blvd La Salle St Wisner Blvd Esplanade Ave St. Charles Ave West Bank Expwy St. Bernard Ave M. L. King, Jr. Blvd Tchoupitoulas St HARVEY GARDEN DISTRICT Paris Ave s s i p p i R i v Mirabeau Ave Ave Broad e r Decatur Elysian Fields Ave FRENCH QUARTER Franklin Ave 428 Almonaster Ave Gentilly Blvd Louisa Dr MEADOWCREST MOB N. Claiborne Ave St. Claude Ave General Meyer Ave Behrman Hwy 428 Belle Chase Hwy Chef Menteur Hwy Almonaster Ave ARABI 428 AURORA GARDENS ST. CLAUDE HEIGHTS TALL 407 TIMBERS CHALMETTE VISTA 46 St. Bernard Hwy CUTOFF 406 Woodlawn Hwy W E Lapalco Blvd Miles S 5

6 Atlanta Contact Information Austin Boston HFF Chicago 181 West Madison Suite 30 Chicago, IL Telephone: Fax: Carolinas Chicago Denver Investment Contacts Phil Mahler Michael Bennett Evan Kovac Ben Appel Director Financing Contact Colby Mueck Dallas Florham Park (NJ) Houston Indianapolis Los Angeles Miami New York Mike Janus Analyst Edward Comer LA License #: BROK ACT Orange County (CA) Orlando Philadelphia Matt DiCesare Analyst Pittsburgh Portland (OR) San Diego San Francisco Tampa Washington, DC 2015 HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter at twitter.com/hff. HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.