Date Transactions Amt (000's) October 07 Trilogy Health Services, LLC Financial advisory services in connection with a recapitalization transaction with Lydian Capital - August 07 HCP, Inc (NYSE: HCP)Financial advisory services in connection with the acquisition of Slough Estates USA, Inc $2,900,000 July 2007 Monmouth Real Estate Investment Corporation (NASDAQ: MNRTA) Financial advisory services in connection with a strategic merger with Monmouth Capital Corporation (NASDAQ:MONM) $88,783 February 07 Holiday Retirement Corp. Financial advisory services in connection with the sale to Fortress Investment Funds $6,656,981 December 06 Nationwide Health Properites, Inc. (NYSE: NHP) Financial advisory services in connection with the sale of assets to Brookdale Senior Living, Inc $148,600 December 06 HCP, Inc (NYSE: HCP) Financial advisory services in connection with the sale of nursing homes to Investors $443,500 November 06 Sizeler Property Investors, Inc. (NYSE: SIZ) Rendered fairness opinion in connection to the merger with Revenue Properties $434,000 October 06 HCP, Inc (NYSE: HCP) Rendered fairness opinion in connection to the merger with CNL Retirement $5,300,000 July 06 American Retirement Corporation (NYSE: ACR) Financial advisory services in connection to the merger with Brookdale Senior Living $1,400,000 April 06 Covenant Care, LLC Rendered fairness opinion in connection with management buyout and merger $56,090 April 06 Covenant Care, LLC Rendered solvency opinion in connection with recapitalization of company $57,000 February 06 Advisor to 5 target REITs in connection with merger with Franklin Street Properties (AMEX: FSP) $234,700 February 06 Wellington Healthcare Services, LLC Advisory services in connection with refinancing debt transaction $20,300 December 05 America First Apartment Investors, Inc. (NASDAQ: APRO) Acquisition of external advisor $11,400 November 05 American Retirement Corporation (NYSE: ACR) Acquisition of eight senior living facilities from Epoch Senior Living $138,000 April 05 Kramont Realty Trust (NYSE: KRT) Merger Advisor to target in sale to Centro Properties Group $1,275,575 February 05 LTC Properties, inc. (NYSE: LTC) Financial Advisor representing LTC Properties, Inc. ("LTC") in connection with the auction of Assisted Living Concepts, Inc. ("ASLC") and lease restructuring negotiations with Extendicare Health Services, Inc., the acquiror of ASLC - November 04 America First Apartment Investors, Inc. (NASDAQ: APRO) Acquisition of property management company $6,750 May 04 Frontenac Company LLC Advisory services in connection with private equity investment in Trilogy Health Services, LLC $135,315 April 03 ARV Assisted Living, Inc (ASE:SRS) Merger Advisor to target in sale to Prometheus, a Lazard Freres entity $180,783 April 02 Meditrust / La Quinta Corp (NYSE:LQI) advisory services in connection with sale of miscellaneous senior living assets $140,000 April 02 Sale of ILM II Senior Living, Inc. to Five Star Quality Care (NYSE:FVE) and Senior Housing Properties (NYSE:SNH) $45,500 January 02 Balanced Care Corporation (ASE:BAL) advisory including exploration of strategic alternatives $50,000 December 01 Humphrey Hospitality Trust, Inc. (NASDAQ:HUMP) Advisory including review of lease and management agreements - December 01 Regent Assisted Living, Inc. (NASDAQ:RGNT) Advisory including consensual termination of select leased assets (3 lessors) - December 01         Lexington Corporate Properties Trust's' (NYSE:LXP) acquisition of Net 1 L.P. and Net 2 L.P. $143,000 November 01         Sizeler Property Investors, Inc. (NYSE:SIZ) Acquisition of property management company - August 00         Capital Senior Living Corporation's (NYSE:CSU) merger with ILM I Senior Living, Inc. $89,500 January 00         Alterra Healthcare Corporation (ASE:ALI) Acquisition of assets from Meditrust and bridge financing $77,000 July 99         Alterra Healthcare Corporation (ASE:ALI) Acquisition of HCR ManorCare assisted living residences $200,000