Epstein Secrets

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Update on disposition plans. Our model assumes $300MM in 3Q16 and $75MM in 4Q16 • Update on seniors housing supply in VTR's markets, most notably Atlanta, Denver, San Francisco, arid Sacramento 9015 Acta $1 09 2010 MIS SI 04 50 97 50 96 MOW 4 3% Aetna 3 5% 3 2% 2 1% -03% -0 7% 3 5% 3

supply in VTR's markets, most notably Atlanta, Denver, San Francisco, arid Sacramento 9015 Acta $1 09 2010 MIS SI 04 50 97 50 96 MOW 4 3% Aetna 3 5% 3 2% 2 1% -03% -0 7% 3 5% 39% 57% 1.6x 62% 1 7x 31% 08% .04% -07% 2 6% 09% 3010 Do. SI 01 MW Cane SI 00 SO 90 Meal Dee

Update on disposition plans. Our model assumes $300MM in 3Q16 and $75MM in 4Q16 • Update on seniors housing supply in VTR's markets, most notably Atlanta, Denver, San Francisco, arid Sacramento 9015 Acta $1 09 2010 MIS SI 04 50 97 50 96 MOW 4 3% Aetna 3 5% 3 2% 2 1% -03% -0 7% 3 5% 3

supply in VTR's markets, most notably Atlanta, Denver, San Francisco, arid Sacramento 9015 Acta $1 09 2010 MIS SI 04 50 97 50 96 MOW 4 3% Aetna 3 5% 3 2% 2 1% -03% -0 7% 3 5% 39% 57% 1.6x 62% 1 7x 31% 08% .04% -07% 2 6% 09% 3010 Do. SI 01 MW Cane SI 00 SO 90 Meal Dee