rtisan gridlock in Washington. Now the future may not resemble the past. Although there are still a large amount of advertising by Phoenix, DeVry, Capella, Kaplan, Grand Canyon, ITT Tech and many more for-profit schools with promises of scholarships and easy financing, with increased government scrutin

$125225 $320 $12781 2016 2017 2018 2019 2020 Thereafter $2.169.000 Scutt. Dasitatbrak torso., dm stet/Ole Liquidity in robust shape post Capella operating company sale From a liquidity perspective, MPW has only $125MM of debt maturing in 2H16 and nothing thereafter until 2018, which compares

about 1.5% annually for the total portfolio. RIDEA investments accounted for -13% of MPW's total investments as of 1Q16, the majority of which are Capella assets, though the management company has since been sold to Funds managed by affiliates of Apollo Global Management. Pro-forma for this sale we es

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