CHICAGO, August 25, 2003 - GE Healthcare Financial Services has arranged $200 million in medical office building transactions in the first six months of 2003, more than double its total medical office building financings in 2002.

In 2003, GE Healthcare Financial Services has moved to capitalize on its market leadership in health care real estate financing by working with some of the largest medical office building acquirers and closing larger transactions. Financings ranged in scope from acquisition loans to forward take-out commitment funding with terms of interim to permanent maturities with floating or fixed interest rates. Customers include real estate companies, REITs, healthcare providers, and clients of mortgage bankers.

The company recently provided $50 million in two transactions to Medical Office Properties of Chevy Chase, MD, which acquired four medical office buildings in Houston, Dallas, Corpus Christi and Tampa. It also made a large loan to Lillibridge Healthcare Real Estate Trust to acquire 11 medical office buildings in the Indianapolis area from the St. Vincent Health System.

"GE Healthcare Financial Services is committed to working with customers to structure flexible, creative transactions," says Will Roberson, vice president and managing director of medical office building lending. "We are helping our customers take advantage of the growing opportunities as more hospitals move to strengthen their balance sheets by selling medical office buildings."

Other recent transactions include a $27.5 million loan to Hammes Company of Brookfield, WI, used to refinance a medical office building in Green Bay, WI. GE Healthcare Financial Services also arranged $40.8 million in three financings for Rendina Companies of West Palm Beach, FL for three medical office buildings located in Phoenix, AZ, Las Vegas, NV and West Palm Beach, FL

GE healthcare real estate approaches the market place for medical office building financing in two ways, either as a structured finance or a permanent finance transaction. Structured finance provides a customized floating interest rate loan with the flexibility for sale or refinance prior to maturity. Whereas, permanent finance entails a long-term fixed rate priced to match the requirements and protection of long-term investors.

"GE Healthcare Financial Services demonstrated its deep understanding of the medical office building market, including key real estate issues, the financial and competitive challenges facing hospitals and the dynamic relationships between hospitals and their physician tenants," said Todd W. Lillibridge, CEO, Lillibridge Healthcare Real Estate Trust. "This expertise and experience translates into innovative financing and the ability to deliver, which is critical to helping us achieve our business goals."

GE Healthcare Financial Services real estate group is the premier provider of capital, financial solutions and related services for the global healthcare real estate market. With over $9 billion in assets, GE Healthcare Financial Services real estate portfolio offers a full range of financing capabilities. With a sharp focus and a deep knowledge of the healthcare industry, GE Healthcare Financial Services real estate group collaborates with customers to create tailored financial solutions that help them improve their productivity and profitability. GE Healthcare Financial Services' website is .

Media Contacts

GE Healthcare Financial Services
Leslie Krohn
312/441-7710
leslie.krohn@ge.com

Deia Campanelli
GE Healthcare Financial Services
312-441-6169