EFTA01382185

American Medical Properties Financial Model: Returns Sensitivities Entry cap rate vs. Exit cap rate 4.4)- O. U 8.00% 8.25% 8.50% 8.75% 9.00% Entry cap rate 8.50% 8.75% 9.00% 9.25% 9.50% 24.1% 29.2% 19.5% 24.5% 15.0% 20.0% 10.6% 15.6% 6.3% 11.4% 34.1% 29.4% 24.9% 20.5% 16.3% 38.9% 43.6% 34.2% 38.9% 29.7% 34.4% 25.3% 30.0% 21.1% 25.8% Entry cap rate vs. Hold period a. 8.00% 8.25% 8.50% 8.75% 9.00% Hold period 1-year 2-year 3-year 4-year 5-year 1.6x 1.8x 2.0x 2.1x 2.4x 1.5x 1.7x 1.9x 2.1x 2.3x 1.4x 1.6x 1.8x 2.0x 1.3x 1.5x 1.7x 1.9x 1.3x 1.4x 1.6x 1.8x 2.2x 2.1x 2 Ox American Medical Properties LW vs. Exit cap rate 2 5 a. e 8.00% 8.25% 8.50% 8.75% 9.00% LTV 50.0% 55.0% 60.0% 65.0% 70.0% 28.2% 30.8% 24.4% 26.6% 20.7% 22.6% 17.1% 18.6% 13.7% 14.8% 34.1% 29.4% 24.9% 20.5% 16.3% 38.2% 43.6% 33.0% 37.7% 27.9% 31.9% 23.0% 26.2% 18.1% 20.6% LTV vs. Cost of debt Cost of debt 5.25% 5.50% 5.75% 6.00% 6.25% LTV 50.0% 55.0% 60.0% 65.0% 70.0% 17.9% 19.6% 17.6% 19.3% 17.4% 18.9% 17.1% 18.6% 16.8% 18.3% 21.7% 24.4% 28.0% 21.3% 23.9% 27.4% 20.9% 23.5% 26.8% 23.0% 26.2% 20.5% 20.1% 22.5% 25.6% 31 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0081449 SDNY_GM_00227633 EFTA01382185