News Release: $22,650,000 Disposition of a Four-Building, 111,175 Square Foot Medical Office Portfolio Located in Southwest Florida

Transaction Overview

Healthcare Real Estate Capital (“HRE Capital”), as exclusive financial advisor to AW Property Co. (“AW”), is pleased to announce the disposition of a four-building, 111,175 square foot medical office building portfolio (“Portfolio”). Located in Southwest Florida, the 98 percent occupied Portfolio included multi-tenant and master leased medical office buildings and an ambulatory surgery center. Over 60 percent of the Portfolio was occupied by leading healthcare providers, including a clinical subsidiary of the largest insurance company in the State of Florida and two publicly traded for-profit health systems.

HRE Capital’s Role

On behalf of AW, HRE Capital undertook a competitive marketing process to secure a capital source (“Investor”) to acquire the Portfolio. HRE Capital’s efforts included approaching a wide audience of both core and value-add acquirers of healthcare real estate. Due to HRE Capital’s efforts and the quality of the Portfolio, numerous proposals were received from a diverse pool of interested investors that included REITs, foreign capital sources and private equity real estate funds. AW selected an Investor that aggressively pursued the Portfolio and assumed the in-place debt financing in a short timeframe.

Healthcare Real Estate Capital

HRE Capital is a national advisory firm focused solely on the healthcare real estate sector. Our clients include many of the nation’s top healthcare providers and developers / investors of healthcare real estate. HRE Capital’s focused model provides clients with an unmatched level of relevant experience and independent transaction analysis, structuring and execution capabilities. Providing both consultative and transaction oriented services, including asset / portfolio joint venture structuring, recapitalizations, dispositions and other related real estate advisory services, HRE Capital has completed engagements approaching $2 billion over the last three years.

AW Property Co.

AW is a real estate investment company that focuses on professional office and medical properties in major markets throughout the State of Florida. Founded in 2002, AW currently has a staff of 45 professionals and operates 86 buildings comprising 2.7 million square feet of commercial space in specific target markets. AW’s professionals have a wide array of industry experience, with expertise in all facets of real estate acquisitions, redevelopment, finance, operations and asset management. Headquartered in Palm Beach Gardens, AW has regional offices in Miami, Fort Lauderdale, West Palm Beach, Melbourne and Fort Myers.