Institutional ownership: facilities/physical plant departments responsible for the real estate...

INSTITUTIONAL OWNERSHIP

Facilities/physical plant departments responsible for the
real estate of healthcare and/or educational organizations

Institution
(Square Feet/Millions)    Statistics/Pertinent Data

HCA (79+)                 HCA is the nation's leading provider of
Nashville, TN             healthcare services, composed of locally
(615) 344-9551            managed facilities that include
www.hcahealthcare.com     approximately 190 hospitals and 91
                          outpatient surgery centers in 23 states,
                          England, and Switzerland. At its founding
                          in 1968, the Nashville provider was one of
                          the nation's first hospital companies and
                          remains true to its commitment to the care
                          and improvement of human life. As of year-
                          end 2004, HCA reported a total portfolio
                          of 79-plus million square feet of space. Of
                          this total, 200 office buildings comprise
                          approximately 12 million square feet of
                          space (including the company's 6-building,
                          906,000-square-foot headquarters in
                          Nashville). The 190 healthcare buildings
                          offer in excess of 67 million square feet
                          to HCAs portfolio.

Los Angeles Unified       The mission of the district's facilities
School District (65)      services division (FSD) is to build new
Los Angeles, CA           quality schools and make existing school
(213) 633-7117            facilities better and safer for the Los
www.laschools.org         Angeles Unified School District (LAUSD)
                          while preserving the public's trust. The
                          department is building new schools and
                          making existing ones better through the
                          largest school construction and repair
                          program in the nation's history. So far,
                          FSD has delivered 22 new schools, 29 major
                          additions to existing schools, 15 early
                          education centers, 10 playground expansions,
                          and almost 11,000 repair projects. By the
                          end of 2005, it will complete construction
                          on another 38 new schools and deliver a
                          total of nearly 60,000 new school seats.
                          When the third phase of this program is
                          complete in 2012, the department will have
                          built the equivalent of San Diego's entire
                          school district in Los Angeles, and it still
                          won't be done. Another 25,000 elementary
                          school seats will be needed to finish the
                          job, and about 3,000 repair projects each
                          year will be finished during that period.
                          Maintenance and operations continue to
                          provide superb service to its 900,000
                          students and 80,000 employees by maintaining
                          12.0 buildings, 65 million square feet of
                          facilities, and 5,600 acres of grounds.

Chicago Public Schools    Chicago Public Schools is the nation's
(64.4) Chicago, IL        third-largest school system. It includes
(773) 553-1000            more than 600 schools, serves approximately
www.eps.k12.il.us/        431,000 students, and occupies more than 64
schools                   million square feet of space throughout the
                          city. In a mission to reduce overcrowding
                          through new construction, the district's
                          department of facility operations has built
                          21 new schools, eight replacement schools,
                          34 additions, 27 annexes, and almost 1,400
                          new permanent classrooms, adding capacity
                          for an additional 39,085 students. Among
                          other accomplishments, the department has
                          also instituted a facility inspection
                          program to establish a baseline of the
                          condition of school buildings in order to
                          determine needs and how to best direct
                          repair funding.

Kaiser Permanente         Kaiser Permanente, the nation's leading
(46.2) Oakland, CA        integrated health plan, serves 8.2 million
(510) 217-5800            voluntary members in nine states an a
www.kaiser                Washington, D.C. It encompasses the not-
permanente.org            for-profit Kaiser Foundation Health Plan
                          Inc., Kaiser Foundation Hospitals and its
                          subsidiaries, and the for-profit Permanente
                          Medical Groups, as well as an affiliation
                          with Group Health Cooperative, based in
                          Seattle. The company's portfolio consists
                          of 457 Office Buildings (the majority of
                          which are Medical Office Buildings) *:
                          11.9 million square feet, as well as 31
                          Healthcare Buildings (Hospitals): 34.3
                          million square feet. Dollar Volume of
                          Spending in 2005 Devoted to Facilities *:
                          $1.83 billion, Capital; $1.82 million,
                          Operational; and a 10-year (2006-2015)
                          Capital Budget of $21 billion. In 2005,
                          158 New Construction * and 500-plus
                          Modernization * projects were completed.
                          Currently under way are 320 New Construction
                          * and more than 1,000 Modernization
                          projects *.

Health Care Property      Health Care Property Investors Inc. (HCPI)--
Investors Inc. (34.20)    a publicly traded, self-administered real
Long Beach, CA            estate investment trust (REIT)--invests in
(888) 604-1990            healthcare-related real estate located
www.hcpi.com              throughout the United States, including
                          hospitals, long-term care facilities,
                          assisted and retirement living facilities,
                          medical office buildings, and other
                          healthcare facilities. It is the second-
                          oldest REIT specializing in healthcare real
                          estate. According to HCPI's website, the
                          company operates 34.2 million square feet,
                          which encompasses 529 buildings in 42
                          states, including those invested through
                          joint ventures. A facility breakdown
                          includes 28 hospitals, 165 skilled nursing
                          facilities, 121 assisted--and retirement-
                          living facilities, 191 medical office
                          buildings, and 24 other healthcare
                          facilities, including healthcare laboratory
                          and biotech research facilities and
                          physician group practice clinic facilities.
                          Total investment in properties as of June
                          30, 2005, including investments through
                          joint ventures and mortgage loans, was
                          approximately $3.7 billion.

Broward County (FL)       Broward County Public Schools' facilities
Public Schools            and construction management division is
(32.57)                   committed to providing safe and secure
Ft. Lauderdale, FL        facilities by encouraging a positive
(754) 321-0000            learning environment through design,
www.browardschools.com    construction, improvement, and maintenance
                          of educational facilities. Statistics
                          provided by the school district note a
                          total square footage at 32.57 million
                          square feet *. Square footage for permanent
                          buildings comprises 27.7 million square feet
                          and includes a total of 2,072 schools office
                          buildings, and industrial buildings
                          district-wide *.

Tenet Healthcare          Healthcare Buildings *: 27.8 million square
Corp. (27.8)              feet. Dollar Volume of Spending in 2005
Santa Barbara, CA         Devoted/Estimated Toward Facilities *:
(469) 893-2200            Capital, $300 million. Projects Under
www.tenethealth.com       Way (to be Completed in 2005) *: New
                          Construction, 353,255 square feet;
                          Modernization, 190,000 square feet. Projects
                          Projected Beyond 2005 *: New Construction,
                          90,000 square feet; Modernization, 140,000
                          square feet. Tenet Healthcare Corp.,
                          through its subsidiaries, owns and operates
                          acute-care hospitals and related healthcare
                          services. Tenet's hospitals aim to provide
                          the best possible care to every patient who
                          comes through their doors, with a clear
                          focus on quality and service. Tenet's
                          operating strategy is to create market-
                          leading integrated delivery networks in
                          specific regions of the country. These
                          networks consist of clusters of acute-care
                          hospitals offering a wide variety of medical
                          services, augmented by ancillary healthcare
                          services. In several cases, these networks
                          are anchored by prestigious academic medical
                          centers that offer the highest level of
                          acute-care services. Tenet currently
                          operates integrated regional networks in
                          South Florida and Greater New Orleans.

Fairfax County (VA)       Fairfax County Public Schools' (FCPS)
Public Schools (24)       facilities management office is responsible
Fairfax, VA               for providing preventive and corrective
(703) 246-2991            maintenance to all of the district's 200-
www.fcps.edu              plus facilities and over 24 million square
                          feet of space. The office also provides
                          project management for capital outlay and
                          minor improvement projects, and manages the
                          monitoring and mitigation of environmental
                          hazards at FCPS buildings. Each year,
                          Fairfax County Public Schools develops a
                          5-year Capital Improvement Program (CIP)
                          to address future facility needs. The CIP
                          assesses requirements for new facilities,
                          renewals of existing facilities,
                          infrastructure management, and other
                          facility-related needs. The school system's
                          FY 2006-2010 CIP includes new schools,
                          renovations, and additions over 5 years,
                          totaling $650.6 million.

Palm Beach                With a current enrollment of over 170,000
County (FL) School        K-12 students, Palm Beach County School
District (22)             District is the 10th-largest school district
West Palm Beach, FL       in the United States. Over the next 5 years,
(561) 434-8000            the district will add 14 new schools, 26
www.palmbeach.k12.fl.us   replacement/modernization schools, 27
                          classrooms, seven pre-kindergarten centers,
                          four auditoriums, three stadiums, and five
                          Career Academies to its current 22 million
                          square feet of facility space. As of August
                          2005, the school district occupied 164
                          district-owned public schools (103
                          elementary schools, 32 middle schools,
                          23 high schools, and six alternative
                          schools).

Michigan State            According to the Michigan State University
University (21.9)         Physical Plant Division 2004 Building Data
East Lansing, MI          Book, the university owns and maintains more
(517) 355-1855            than 21.9 million square feet of space (676
www.msu.edu               buildings) on the main East Lansing, MI,
                          campus. Maintaining the campus' physical
                          environment, the physical plant's primary
                          purposes are to keep buildings clean and
                          sanitary; to operate, secure, maintain,
                          and repair buildings and the campus utility
                          distribution systems; and to provide an
                          adequate and reliable source of electricity,
                          steam, and potable water. Other key
                          functions include services and facilities
                          for reliable data, video, and voice
                          communications; to provide 24-hour campus
                          directory information assistance;
                          coordinating the planning and designing
                          of major new facilities; planning the
                          extension renewal and replacement of plant
                          facilities; and achieving prudent energy
                          usage.

Prince George's           The school district maintains approximately
County (MD) Public        20 million square feet of facilities through
School District (20)      the efforts of its maintenance department,
Upper Marlboro, MD        which is part of the supporting services
(301) 952-6500            division. The department processes nearly
www.pgcps.org             40,000 work orders each year. Keenly aware
                          of its role in supporting the mission of
                          the school board, the department expends
                          considerable effort accomplishing minor
                          construction projects. It also handles
                          various environmental concerns and
                          satisfies a host of regulatory compliance
                          requirements.

Charlotte-Mecklenburg     With an annual operating budget of
(NC) Schools (17)         approximately $65 million and an annual
Charlotte, NC             capital budget averaging around $160
(980) 343-3000            million, Charlotte-Mecklenburg Schools'
www.cms.k12.nc.us         building services group maintains some
                          17 million square feet of space. Its 4,000
                          acres are sustained by 1,200 employees. The
                          district's 10-year facilities master plan
                          is based on enrollment projections--120,000
                          students currently attend, with an
                          additional 53,000 expected in the next
                          10 years. The school system is currently
                          proposing $427 million for 10 new schools
                          (one high school, two middle schools, and
                          seven elementary schools) and 10 significant
                          renovation projects, as well as other
                          projects (such as accommodating the
                          Americans with Disabilities Act and
                          asbestos abatement).

The Pennsylvania          Penn State University's physical plant
State University (15.5)   office employs 949 full-time technical
University Park, PA       service and staff workers to maintain its
(814) 865-4700            15,984-acre campus. University grounds
www.psu.edu               include 758 buildings (and 49 rental
                          buildings) totaling 15.5 million gross
                          square feet. With an emphasis on
                          sustainability, Penn State's Environmental
                          Stewardship Initiative provides seven goals
                          to guide efforts over the next 3 years. The
                          initiative calls for provision of leadership
                          on environmental issues and education on
                          best management practices; using
                          environmentally responsible purchasing
                          policies; efficient use and conservation
                          of energy, water, and other resources;
                          minimizing solid waste production;
                          minimizing hazardous waste and toxic
                          materials on campus; using environmentally
                          responsible campus design and planning
                          principles; and regulatory compliance.

The University            The University of Iowa's (UI) 250
of Iowa (153)             educational buildings total 153 million
Iowa City, IA             square feet of space *, and the organization
(319) 335-3500            employs 781 full-time staff members * to
www.uiowa.edu             maintain its 1,900-acre campus. Spending in
                          2005 Devoted/Estimated Toward Facilities *:
                          Operational, $ 57.2 million With numerous
                          new construction projects occurring on
                          university grounds, one of the most visible
                          projects this year is the Kinnick Stadium
                          Renovation project, an $86.8-million
                          venture. The university's facilities
                          department has also received several design
                          awards for other recent construction
                          projects. Receiving national and Iowa
                          Governor's awards for its partnership with
                          the Cedar Rapids, IA, Quaker Oats plant,
                          the UI's power plant has begun using oat
                          hulls as a renewable energy source.

The University of         The University of Florida's physical plant
Florida (10)              division (PPD) is dedicated to maintaining
Gainesville, FL           an environment conducive to learning,
(352) 392-3261            teaching, and research for the university
www.ufl.edu               community. A staff of 900 PPD employees
                          provides service to over 403 buildings--a
                          total of almost 10 million square feet of
                          space. The main campus consists of 1,965
                          acres connected by more than 12 miles of
                          roads. PPD technicians respond to
                          approximately 5,000 work requests a
                          month, including an extensive preventive
                          maintenance program.

University of British     35 Educational Buildings*: 3.6 million
Columbia's UBC            square feet. Dollar Volume of Spending
Properties Trust (3.6)    in 2005 Devoted/Estimated Toward Facilities
Vancouver, BC Canada      *: Capital, $238.9 million; Operational,
(604) 731-3103            $4.2 million. Projects in New Construction
www.ubcproperties.com     and/or Modernization: New Construction
                          Completed in 2005, 3.6 million square feet.
                          A market-oriented private company wholly
                          owned by the University of British Columbia,
                          UBC Properties Trust (UBCPT) was established
                          in 1988 with a mission to acquire, develop,
                          and manage real estate assets for
                          the benefit of the university.

* Indicates statistics received from company, based on Buildings'
Who's Who questionnaire. In cases where information was not supplied
in response to Buildings' Who's Who questionnaire, information was
derived from public information: 10K reports, company websites,
industry-related reports, Hoover's Online, and other published and
electronic materials.