Center 2.0% -0.1% Malls 7.8% -10bp Malls 2.0% 0.0% Office 16.0% 0bp Office 2.8% -0.3% Industrial 10.5% 0bp Industrial 2.3% -0.2% Sr Housing 10.2% -10bp Sr Housing 3.8% 0.6% Scar« Detest/. Sn. Sirs NC Page 8 Source Detesclv Sint /loll MC Deutsche Bank Securities Inc. CONFIDENTIAL

rent growth 0503 1400% glaWilil§ 88RAPAssg§§ Sr Haan° Pen GrOolh —Si 11341000:341 430% 400% 3.50% 3.01 2.00% 110% t 1.00% 0.50% 000% • Sr Housing occupancy up 12bps q/q in 3O but down 9bps y/y • IL occupancy up 16bps q/q and up 2bps y/y • AL occupancy up 6bps q/q and down 22bps y/y • Sr

rent growth 0503 1400% glaWilil§ 88RAPAssg§§ Sr Haan° Pen GrOolh —Si 110000 00331 430% 400% 3.50% 3.01 2.00% 110% t 1.00% 0.50% 000% • Sr Housing occupancy up 12bps q/q in 3O but down 9bps y/y • IL occupancy up 16bps q/q and up 2bps y/y • AL occupancy up 6bps q/q and down 22bps y/y • Sr

Center 2.0% -0.1% Malls 7.8% -10bp Malls 2.0% 0.0% Office 16.0% 0bp Office 2.8% -0.3% Industrial 10.5% 0bp Industrial 2.3% -0.2% Sr Housing 10.2% -10bp Sr Housing 3.8% 0.6% Scar« Detest/. Sn. Sirs NC Page 8 Source Detesclv Sint /loll MC Deutsche Bank Securities Inc. CONFIDENTIAL