Seniorcare INVESTOR a Newsletter Published by Irving Levin Associates, Inc

Volume 25, Index THE July 2014 SeniorCare INVESTOR A Newsletter Published by Irving Levin Associates, Inc.

The 2014 Half Year Half-Year Index Index A Bank Leumi Mar p. 7 The SeniorCare Investor Bank of America Jan p. 21 Volume 26, 2014 AdCare Health Systems Feb p. 16, BB&T Capital Markets Jun p. 23 Jun p. 23 Beech Street Capital Jan p. 22, This is a supplement to the AEW Capital Management Feb p. 6, Mar p. 22, Jun p. 22 monthly newsletter and lists the is- Apr p. 3 Berkadia Commercial Mortgage sues and page numbers of all com- AgeWell Senior Living May p. 14 Jan p. 22, Feb p. 21, Apr p. 14, panies that have been mentioned Aging2.0 Apr p. 23, June p. 1 May p. 14 during the course of January to American Health Care Association Bethesda Senior Living Mar p. 12 June of 2014. Apr p. 22 Beverly Enterprises Feb p. 12 American Health Care Management Blueprint Healthcare Real Estate Each company and organi- May p. 21 Advisors Jan p. 16, Jan p. 24, zation discussed during 2014 is American Health Care Realty Capital Mar p. 10, Apr p. 3, Jun p. 14 listed alphabetically. References Trust May p. 1 BMA Management Jun p. 22 are to the first occurrence of the American Realty Capital Healthcare Bonaventure, LLC Mar p. 12 company’s name in the issue; Trust Jan p. 8, Jan p. 24, Feb p. 6, Bridge Investment Group Partners futher discussion may follow in Feb p. 20, Mar p. 10, Apr p. 4, May p. 12, Jun p. 8 the text. May p. 21, June p. 1, Jun p. 23 Brinton Woods Senior Living Jan p. 18 American Seniors Housing Association Brookdale Senior Living Jan p. 5, References are sorted by the Apr p. 18 Jan p. 24, Mar p. 1, Mar p. 10, month and page number of the is- Apple Health Care Jan p. 22 Apr p. 20, May p. 4, May p. 16, sue in which the company appears, ARA Seniors Housing Feb p. 10 Jun p. 2, Jun p. 6 e.g., Apr p. 9. Arbor Commercial Mortgage May p. 20 Brookfield Financial Jun p. 12 Arbor Company, The Jan p. 8, Jan p. 14, Butler County Jun p. 12 Apr p. 3 BVM Management Company May p. 12 Arbor Group, The Feb p. 7 Artemis Real Estate Partners Jun p. 21 C Artis Senior Living May p. 23 Assisted Living Concepts Jan p. 2, Cahill Rosewood Feb p. 16 Feb p. 20, Apr p. 23 Cain Brothers Jan p. 21 Assisted Living Federation of America Cambridge Realty Capital Jan p. 24 Apr p. 18 Capital Funding Group Jan p. 21, Aston Gardens Apr p. 2 Feb p. 23, Mar p. 7, Atria Senior Living Mar p. 10, Jun p. 18 Mar p. 22, Apr p. 16, Jun p. 23 Atrium Health May p. 18 Capital Health Group Feb p. 6 Aurora Holdings Jun p. 14 Capital One Bank Jun p. 22 Aviv REIT Jan p. 10, Jan p. 23, Feb p. 2, Capital Senior Living Jan p. 2, Jan p. 12, Mar p. 16, Apr p. 14, May p. 22, Jan p. 23, Feb p. 21, May p. 23 Jun p. 20 CapitalSource, Inc. Mar p. 23 Capitol Seniors Housing Jan p. 14, B Apr p. 3 Cardinal Care Management Jan p. 20 Bankers Trust Jan p. 21 CarDon and Associates Feb p. 3

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Care Property Partners, LLC Feb p. 10 Cornerstone Real Estate Advisors Apr p. 3 CareTrust REIT Jan p. 3, Jun p. 19 CrowdStreet May p. 21 Carlyle Group, The Feb p. 6 CS Capital Advisors Feb p. 21 Cascade Living Group Feb p. 8 Cushman & Wakefield Feb p. 4, Jun p. 8 Cassidy Turley Jan p. 12, May p. 10 Cushman & Wakefield Equity, Debt & Structured Finance Catholic Health Mar p. 16 Jun p. 20 CBRE Jan p. 8, Feb p. 8, Apr p. 4 Cushman & Wakefield Senior Housing Capital Markets CBRE Capital Markets Jan p. 12 May p. 12 CBRE Multifamily Capital Feb p. 21 Cypress Skilled Nursing Feb p. 23 CBRE National Senior Housing Group Mar p. 12, Jun p. 16 CBRE Senior Housing Debt & Structured Finance Group D Feb p. 8, Mar p. 14, Apr p. 14, May p. 20 Deaconess Long Term Care May p. 18 Century Care Management Jun p. 21 Deerfield Retirement Community Feb p. 4 Chartwell Retirement Residences Apr p. 6, Jun p. 12 Devonshire at PGA National Jan p. 20 Chelsea Senior Living Jun p. 21 Dial Senior Management, Inc. Mar p. 21 Chevalier Group Apr p. 16 Discovery Senior Living Apr p. 2 CNL Healthcare Properties Jan p. 20, Mar p. 21 Diversicare Healthcare Services Apr p. 10, May p. 21 CNL Lifestyle Properties Jan p. 10, Feb p. 7 Dominion Partners, LLC Feb p. 22 Cole Taylor Bank Mar p. 8 Drever Capital Management May p. 20 Colliers International Apr p. 4 Dune Real Estate Partners Feb p. 10, May p. 12 Compass Pointe Health Care System Feb p. 6 Compass Senior Living Jan p. 10 E Comprehensive Healthcare Management Services Mar p. 16 Concordis Senior Living Apr p. 6 ELAD Genesis Partnership Limited Jun p. 12 Conservatory Senior Living Apr p. 2 Elant, Inc. May p. 20 Contemporary Healthcare Capital Jan p. 14, Jan p. 23, ElderLife Financial May p. 23 Feb p. 22, Mar p. 21, May p. 18, Jun p. 21 Emeritus Jan p. 5, Jan p. 22, Mar p. 1, Mar p. 7, Apr p. 3, Continuing Healthcare Solutions, Inc. Mar p. 21 Apr p. 20, May p. 4, Jun p. 6 Cornerstone Core Properties REIT Jan p. 10 Enlivant Apr p. 23 Ensign Group, The Jan p. 2, May p. 22, Jun p. 6, Jun p. 16, Jun p. 19 The SeniorCare Investor Erickson Living Jan p. 21, Mar p. 14 ISSN#: 1075-9107 Eskaton Apr p. 16 Published Monthly by: Evans Senior Investments Mar p. 14, Mar p. 18, Apr p. 10, Irving Levin Associates, Inc. May p. 12, Jun p. 8, Jun p. 14 268-1/2 Main Avenue Extendicare Inc. Feb p. 20 Norwalk, CT 06851 (203) 846-6800 Fax (203) 846-8300 F

Publisher: Eleanor B. Meredith Fannie Mae Jan p. 22, Feb p. 21, Apr p. 14, Jun p. 22 Editor: Stephen M. Monroe Fillmore Capital Partners Feb p. 12 Circulation: Maggi Finlayson First Commercial Bank Mar p. 18 Advertising: Liz Kenny Five Star Quality Care Jan p. 5, Jan p. 10, Mar p. 10, Jun p. 7 Focus Healthcare Partners Feb p. 10, May p. 12, Jun p. 21 © 2014 Irving Levin Associates, Inc. Formation Capital Feb p. 14, Apr p. 12, Jun p. 2 All rights reserved. Reproduction or quotation in whole or Formation Development Group Jan p. 8, Feb p. 6 part without permission is forbidden. Fortis Healthcare, LLC Jun p. 8 Fortress Investment Group Jan p. 24, Mar p. 4, Mar p. 8 This publication is not a complete analysis of every material fact Franklin Development Properties Apr p. 14 regarding any company, industry or security. Opinions expressed Freddie Mac Jan p. 12, Jan p. 22, Feb p. 8, Feb p. 21, are subject to change without notice. Statements of fact have been Mar p. 14, May p. 14 obtained from sources considered reliable but no representation is Freshwater Group, The Feb p. 8, Mar p. 12, Apr p. 12 made as to their completeness or accuracy. This Firm or persons Fundamental Long Term Care May p. 22 associated with it may at any time be long or short any securities mentioned in the publication and may from time to time sell or buy such securities. POSTMASTER: Send address changes to The G SeniorCare Investor, 268-1/2 Main Avenue, Norwalk, CT 06851. GE Healthcare Financial Services Feb p. 3

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Generator Ventures Jun p. 2 Kohlberg Kravis Roberts Jan p. 12, Mar p. 3, Mar p. 14, Genesis HealthCare Apr p. 10, May p. 23 May p. 3 Gentiva Health Services Jun p. 5 Global Casinos Feb p. 16 L Global Healthcare REIT Feb p. 16, Mar p. 18 La Mesa Retirement Residence Limited Partnership Golden Living Feb p. 12, Apr p. 23 Feb p. 21 Grandbridge Real Estate Capital Jan p. 24 Lancaster Pollard Jan p. 22, Feb p. 23, Apr p. 16, May p. 16, Grandbridge Seniors Housing and Healthcare Finance Jun p. 21 Feb p. 21 LaSalle Group, The Apr p. 23, May p. 23 Grannie Mae May p. 23 LCB Senior Living Jun p. 20 Greystone Feb p. 21, May p. 18, May p. 23, Jun p. 23 LCOR, Inc. Feb p. 10 Griffin-American Healthcare REIT II Feb p. 3, June p. 1 Legend Senior Living Mar p. 6 Griffin-American Healthcare REIT III Mar p. 23 Leisure Care Retirement Communities Apr p. 14 H Leo Brown Group May p. 8 Liberty Healthcare Feb p. 3 Harden Healthcare Apr p. 6, Jun p. 5 Life2 Jun p. 3 Harrison Street Real Estate Capital Apr p. 14 Life Care Services Jan p. 21, May p. 12, Jun p. 16 Hawthorn Group Jun p. 22 LifeHOUSE Health Services May p. 12 HCP, Inc. Jan p. 24, Mar p. 3, Mar p. 23, Apr p. 1, May p. 2, Lifespace Communities, Inc. Feb p. 4 Jun p. 18 Lift Hero Jun p. 2 HCR ManorCare Jun p. 6 Liftimes Limited Partnership Jun p. 12 Health Care REIT Jan p. 24, Mar p. 14, May p. 2, Jun p. 18 Living Care Lifestyles Jun p. 20 Healthcare Transactions Group Feb p. 16 Lone Star Apr p. 12 HealthLease Properties REIT Jun p. 16 LTC Properties Feb p. 20, Mar p. 23 Healthtique Group Jan p. 20 Lutheran Life Communities Feb p. 2 Hearth Management May p. 16 Lytle Enterprises Feb p. 8, May p. 14 HFF Feb p. 7, Apr p. 3, Jun p. 12 Holiday Retirement Corporation Jan p. 6, Jan p. 20, Mar p. 8, M Jun p. 18 Macquarie Capital Jun p. 19 Housing & Healthcare Finance Feb p. 22, Apr p. 16, Mainstreet Property Group Apr p. 23, May p. 21, Jun p. 16 May p. 16, Jun p. 23 Major Hospital Mar p. 19 HUD Jan p. 22, Mar p. 22, Apr p. 16, May p. 14, Jun p. 21 ManagCare Mar p. 22 Hunt Realty Investments Feb p. 6 Maplewood Senior Living Jan p. 20 I Marcus & Millichap Jan p. 8, Jan p. 14, Feb p. 8, Mar p. 10, Mar p. 16, Mar p. 18, Apr p. 4, Apr p. 8, Jun p. 8, Index International AB Mar p. 21 Jun p. 12 IntegraCare Holdings Jun p. 5 Mariner Health Services Jan p. 21 Integral Senior Living Jan p. 16, Feb p. 7, Mar p. 23 Marriott Mar p. 3 Maxwell Group, Inc. Mar p. 21 J MBK Senior Living Mar p. 10 Jibo Inc. Jun p. 3 Mennonite Services Northwest Jun p. 23 JLL Capital Markets Jun p. 23 Meridian Realty Advisors May p. 16 Johnson Capital Jan p. 22 Meridian Senior Living Jan p. 14, Mar p. 10, Apr p. 6, Apr p. 16, Jun p. 8 K MidCap Financial Jan p. 23, Mar p. 21, Apr p. 3, May p. 16, Jun p. 20 Kandu Capital Mar p. 6 Minnesota Masonic Homes Jan p. 10, Feb p. 2 Kaplan Development Group May p. 16 Mission Health Jan p. 10, Feb p. 2 Kayne Anderson Real Estate Advisors Apr p. 2 MorningStar Senior Living Jan p. 10, Jan p. 20 Keller Williams Realty Jun p. 10 M&T Bank Jun p. 20 KeyBank Feb p. 21 KeyBank Real Estate Capital Feb p. 21 N Kindred Healthcare Jan p. 2, Jan p. 24, Mar p. 23, May p. 23, Jun p. 5 National Church Residences Apr p. 16 KMF Senior Housing Feb p. 3 National HealthCare Corporation Jan p. 4 National Health Investors Jan p. 20, Apr p. 14, May p. 1

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Nationwide Health Properties Feb p. 1, Mar p. 19 Jun p. 22 Newcastle Investment Corp. Jan p. 20, Jan p. 24, Feb p. 14, Mar p. 23 S Nexus Cos. Jan p. 16 Sabra Health Care REIT Jan p. 23, Feb p. 23, Mar p. 22, NIC May p. 23 Apr p. 14, May p. 8, Jun p. 20 NorthMarq Capital Mar p. 21, Jun p. 20 Scottsburg Investors, LLC Mar p. 18 NorthStar Healthcare Jan p. 7 Senior Capital Advisors Jun p. 12 NorthStar Healthcare Income, Inc. Feb p. 8, Mar p. 12, Senior Care Realty Jan p. 10 Apr p. 1, May p. 2 Senior Home Care Jun p. 5 NorthStar Realty Finance Mar p. 23, Apr p. 1, Jun p. 18 Senior Housing Properties Trust Jan p. 8, Jan p. 24, May p. 7, Nye Senior Services Mar p. 22 Jun p. 20 O Senior Lifestyle Corporation Feb p. 3 Senior Living Investment Brokerage Jan p. 16, Feb p. 3, Oak Grove Capital Feb p. 21, May p. 14, Jun p. 21 Feb p. 10, Mar p. 19, Apr p. 4, May p. 14, Jun p. 7, Oakmont Senior Living Feb p. 22 Jun p. 14 Olympia Group, LLC Mar p. 22 Senior Living Management Corporation Jun p. 10 Omega Healthcare Investors Jan p. 23, May p. 22 Senior Resource Group Jun p. 19 Orleans County Health Facilities Corporation Mar p. 16 Sentio Healthcare Properties Jan p. 12 Oxford Finance Jun p. 12 SentosaCare Feb p. 22 Silverado Senior Living May p. 18 P Simon Property Group Mar p. 23 Pacifica Companies Apr p. 4 Sims Mortgage Funding May p. 20 Peregrine Senior Living Apr p. 3 Skilled Healthcare Group Jan p. 23, Feb p. 12, May p. 23 Physician’s Hospital Jan p. 20 Solomon Senior Living Feb p. 7 Pixie Scientific Jun p. 2 Somerby Senior Living Feb p. 22, May p. 10 Platinum Health Care Mar p. 6, May p. 18, May p. 21 Southview Senior Living May p. 14 Pleasant Living Healthcare Feb p. 3 Standard & Poor Jan p. 24 Prestige Senior Living Jan p. 20, Apr p. 14 Stebbins Five Company May p. 18 PrivateBank, The Apr p. 8, May p. 20 Stellar Senior Living Feb p. 10 Providence Group Apr p. 14, May p. 22 Sterling Senior Communities Apr p. 16 Providence Life Services Jan p. 22 StoneGate Senior Living May p. 18 Provision Senior Living Jan p. 16 Suitable Technologies Jun p. 3 Prudential Huntoon Paige Apr p. 16 Sumitomo Mitsui Banking Corp. Mar p. 23 Prudential Mortgage Capital Apr p. 16, Jun p. 22 Summit Healthcare REIT Jan p. 10 Pyms Capital Resources Mar p. 12 Sunrise Senior Living Mar p. 3, Mar p. 10, Mar p. 14, May p. 3 Q Sunshine Retirement Living Feb p. 21 Sunwest Management Jan p. 14, Mar p. 3, Mar p. 8, Quadriga Partners, LLC Mar p. 22 Apr p. 12, May p. 6 Quilted Care, Ltd. Mar p. 8 Superior Residences Jan p. 14 R T Raymond James Feb p. 3 TCF Bank Jan p. 21 Red Capital Group Mar p. 21, Jun p. 23 Teacher Retirement System of Texas Feb p. 6 Red Mortgage Capital Feb p. 21, Apr p. 23 Terapax, Inc. Jan p. 21 Red Rock Group, LLC Jun p. 10 Traditions Senior Management Mar p. 16 Redwood Capital Jan p. 21 Trillium Healthcare Group Mar p. 16 Regal Lifestyles Communities Jun p. 10 Trilogy Health Services Jun p. 14 RehabCare Group Jan p. 2, Jun p. 5 Trinity Healthcare, LLC May p. 22 Renaissance Senior Communities Feb p. 23 Trinity Lifestyles Management Feb p. 7 Revera Inc. Mar p. 14, May p. 3 TrueLink Card May p. 23 Riverview Hospital Mar p. 19 ROC Seniors Housing Fund Manager May p. 12, Jun p. 8 U Rosewood Feb p. 14 Rural Communities Housing Development Corporation Uber Jun p. 2 UHS-Pruitt Corporation Feb p. 16

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V Vantage Pointe Capital Management Feb p. 8 Ventas Jan p. 2, Jan p. 6, Jan p. 24, Feb p. 1, Mar p. 19, Apr p. 23, May p. 1, May p. 23, June p. 1 Virtus Real Estate Capital Jun p. 20 W Walker & Dunlop Jun p. 21 Washington Prime Group Mar p. 23 Watercrest Senior Living Group Mar p. 20 Watermark Retirement Communities Jan p. 7, Feb p. 8 Wells Fargo Multifamily Capital Jun p. 22 Westminster Funds, The Jan p. 21 Westport Capital Partners May p. 12 Y Yost Management Company Jun p. 22 Z Ziegler Jan p. 10, Feb p. 2, Jun p. 23