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Nationwide Health Properties and Pacific Medical Buildings Join Forces in up to $2 Billion, Multi-Year Transaction
Date:2/25/2008

Transaction Highlights: - $915 million portfolio acquisition consisting of: - 7 properties acquired in Q4 2007 for $120 million - 16 properties in 2008 for $485 million - 3 properties in 2009 for $180 million - 2 properties in 2010 for $130 million - $485 million in financing for the 16 properties closing in 2008 already identified - Adds two million square feet of medical office space to NHP portfolio - Provides tenant and asset diversification to growing portfolio of over 500 assets - Exclusive right to acquire up to an additional $1 billion of medical office buildings over seven years at a discount through

a development agreement - Equal ownership of a full service property

management service provider

NEWPORT BEACH, Calif., Feb. 25 /PRNewswire-FirstCall/ -- Nationwide Health Properties, Inc., (NYSE: NHP) announced today that it has signed definitive agreements with Pacific Medical Buildings (PMB) to acquire a sizeable portfolio of high quality medical office buildings (MOBs), a 50% interest in a full-service property management company, and an opportunity to participate with PMB in future MOB development.

"This series of transactions with PMB, the largest and most highly regarded medical office building developer on the West Coast, is truly a transformational event for NHP. PMB provides NHP with an exceptional medical office building platform, comprising an outstanding portfolio of Class A assets, a robust development pipeline with an experienced development team and a well-regarded, full-service property management company. These transactions complement our leadership position in senior housing and long-term care by providing us a major presence in the medica
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SOURCE Nationwide Health Properties, Inc.
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