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Presidential Towers Donates Apartment to the University of Illinois Medical Center
Date:8/17/2009

CHICAGO, Aug. 17 /PRNewswire/ -- Presidential Towers, a Waterton Residential community, announces its donation of a fully furnished two bedroom apartment to the University of Illinois Medical Center (UIMC), allowing patients and their families to stay for free while undergoing care at the medical center.

"Based on our location and availability, the managing partners of Presidential Towers felt that this was a great way to give back to our community," states Phyllis Kempton, Community Manager, Presidential Towers. Presidential Towers is located in Chicago's West Loop neighborhood, less than a mile from the UIMC campus.

Many patients go to the UIMC for specialty services, such as those provided by the Illinois Stroke Institute. Patients often travel long distances - many travel from out of the country - to receive care at UIMC. The medical center works with patients and their doctors to schedule appointments, procedures or therapies over a one to three day period, allowing patients to stay at Presidential Towers at no cost during that time.

"The University of Illinois Medical Center is profoundly grateful for the generous gift provided by Waterton Residential and Presidential Towers," said John J. DeNardo, CEO, UIC Healthcare System. "The apartment provides a 'home away from home' atmosphere and enables our patients to focus on their medical care and recovery."

In addition to its partnership with the University of Illinois Medical Center, Presidential Towers sponsored and hosted the 2009 American Lung Association's Climb Chicago stair climb in March, and will host the 2010 and 2011 events as well. It also partners with the city of Chicago on the Building a Healthier Chicago initiative.

About the University of Illinois Medical Center:

The University of Illinois Medical Center, centrally located in one of the largest urban healthcare districts in the nation, consists of a 507 bed hospital and more than 40 outpatient clinics and health centers. The UIMC provides comprehensive healthcare services to the people of Illinois and beyond, giving special consideration to patient's unique medical challenges, emotional needs and cultural sensitivities. Diverse medical teams bring the world's latest advancements to patient care, research and teaching to the UIMC. The Medical Center campus serves as the primary teaching facility for the University of Illinois at Chicago Health Science Colleges. To learn more about the University of Illinois Medical Center visit their website at www.uillinoismedcenter.org.

About Waterton Residential:

Waterton Residential is an affiliate of Waterton Associates L.L.C., a Chicago-based real estate private equity firm. Waterton owns and manages approximately 15,000 units nationwide. Since its inception in 1995, the firm has invested over $3 billion in 110 communities through joint ventures with major financial institutions, investment banks and pension funds. Employing over 440 individuals, Waterton is a vertically integrated company specializing in acquiring and managing multifamily properties to which it can add value through repositioning and renovation. For more information, please visit www.watertonresidential.com.


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