Nick Kucha, a licensed real estate broker in the state of Oregon, along with Holliday Fenoglio Fowler, L.P. (collectively “HFF").

a d v e n t i s t h e a lt h a n c h o r e d va l u e - a d d m e d i c a l o f f i c e b u i l d i n g i n t h e b u s t l i n g p o r t l a n d m s a

GRESHAM STATIONMEDICAL PLAZAGRESHAM | OREGON

HFF, as exclusive advisor, is pleased to present to qualified investors the rare opportunity

to acquire the 100% fee simple interest in Gresham Station Medical Plaza (the “Property”),

a value-add 100,419 SF institutional quality medical office complex constructed in 2004

located in the highly desirable Gresham submarket of Portland. The Property features 63%

investment grade credit tenancy, largely attributed to Adventist Health, as well as the ability

to increase revenue by leasing the 9,889 square feet of current vacant space as well as the

additional 12,762 square feet that will become vacant in January of 2017. Positive leasing

momentum over the past six months has produced an approximate 8,000 square foot lease

to a nationally recognizable medical service provider, DaVita HealthCare Partners Inc., as well

as a pending lease to Providence Health & Services (S&P: AA-). The Property benefits from a

mission-critical location near Adventist Medical Center, coupled with suites that often feature

well-appointed built-outs, warranting a higher retention ratio, and the market perception that

Adventist will continue expanding their services within the Property.

The Offering

Investment HighlightsMISSION-CRITICAL MEDICAL OFFICE BUILDING Developed with a mission of delivering the highest quality healthcare services within the

Portland marketplace, Gresham Station Medical Plaza is the dominant medical office facility,

offering current and prospective tenants the only medical office building within Gresham

over 35,000 square feet. Gresham Station Medical Plaza is home to a range of nationally

recognized tenants including Adventist Health (S&P: AA-) and DaVita HealthCare Partners Inc.

(S&P: BB-), representing 69% of the in-place tenancy. Additionally, a new pending lease to

Providence Health & Services (S&P: AA-) is out for signature.

RARE VALUE-ADD MEDICAL OFFICE OPPORTUNITYInstitutional quality value-add medical office opportunities with investment grade health

system anchor tenants are extremely rare. With an in-place occupancy of occupancy of 90%,

investors will have the opportunity to increase revenue by leasing the 9,889 square feet of

current vacant space as well as the additional 12,762 square feet that will become vacant in

January of 2017. As Adventist Health builds upon their growth initiatives in the market, there is

a strong perception that they will seek to continue expanding their footprint within Gresham

Station Medical Plaza by increasing existing services and adding new specialty services.

Property Summary Gresham Station Medical Plaza

Location

831 NW Council Drive, 862-894 NW Burnside Drive &

1851-1867 NW Civic DriveGresham, OR 97030

Year Built 2004

Site Area 4.69 acres

Rentable Area 100,419 SF

Percent Leased 90%1

Parking Spaces 6082

Floors

Building A - 3Building B - 2Building C - 2 Building D - 1

[1] Includes pending lease out for signature to Providence Health & Services and Adventist Health.

[2) 286 on-site spaces. Additional 322 spaces available per reciprocal easement agreement.

2 HFF

Executive Summary

54,215 SF | S&P: AA-

7,798 SF | S&P: BB-

Adventist Health has shown C O N S I S T E N T G R O W T H expanding from 21,121 SF in 2004 to 33,641 SF in 2009 to 54,215 SF today.

>> surgery

>> imaging

>> dialysis

>> primary care

>> orthopedics

>> laboratory

>> physical therapy

>> dermatology

>> dentistry

>> women’s health

>> pediatrics

>> kidney

THE MODERN MEDICAL FACILITY provides a range of synergistic

services under one roof:

Investment Grade Credit

63%

Credit Rated9%

Other Prominent Healthcare Providers

28%

Tenant Breakdown(% of in-place square footage)

CURRENTLY 63% INVESTMENT GRADE

TENANCY

Tenant Breakdown (% of in-place square footage)

2,632 SF1 | S&P: AA-

[1] Pending lease out for signature

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Gresham Station Medical Plaza

HFF

Executive Summary

EXCEPTIONAL CREDIT RATED HOSPITAL ANCHOR TENANTThe Property was designed and developed specifically as an

outpatient medical center for Adventist Health Portland Network.

Adventist Health Portland Network is part of Adventist Health

System, a top rated US healthcare system. Adventist Health

leases over half of the net rentable area within the Property

for a variety of high acuity services. The Property exemplifies

the modern medical facility with a large hospital-based anchor

tenant offering a broad range of service departments including

primary care, pediatrics, women’s health, imaging, physical

therapy, orthopedics, kidney care, dialysis and an ambulatory

surgery center. The surgery center known as Adventist Gresham

Surgery Center, formerly a privately owned surgery center, was

recently acquired by Adventist Health as part of their ongoing

effort to expand services and capture growth opportunities

within the market. The wide range of services offered at the

Property creates an efficient delivery system that is extremely

convenient for the providers and patients alike.

BY THE NUMBERS (2015)

STRONG PORTLAND AREA MEDICAL OFFICE MARKET FUNDAMENTALSThe Portland medical office market is poised for a surge in demand due to robust in-place market

fundamentals. Net absorption in the Portland Metro has been positive in each year for over the past

decade, leading vacancy rates to reach their lowest recorded value (7.6%) in 1Q2016. Rental rates

in the market increased 4.4% year-over-year, but remain 15% below their previous peak in 2010.

With no new medical office product currently under construction, the culmination of high demand

for new medical office space and lack of new supply has exerted upward pressure on rents in more

favorable markets such as Gresham, where there is only 2,678 square feet of vacant space in the

market outside of the Property.

>> 20 hospitals

>> $13.6B patient revenue

>> $3.4B assets

>> 31,000 employees

>> 2,890 beds

>> 275 clinics

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HFF

Executive Summary

SIGNIFICANT DISCOUNT TO REPLACEMENT COSTGresham Station Medical Plaza is expected to trade at a significant discount to replacement cost (estimated to be in excess of $400 per square foot)

allowing an investor to acquire a high-quality project in a market with substantial economic and physical barriers to entry, at an attractive basis. Medical

office market rents, currently $23.00 per square foot on a triple net basis, would need to nearly double to justify new construction.

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Gresham Station Medical Plaza

HFF

Over 2,500 apartment units within a one-mile radius of Gresham Station Medical Plaza

GRESHAM STATION APARTMENTS253 UNITS

GRESHAM HIGH SCHOOL1,750 STUDENTS

COLUMBIA TRAILS APARTMENTS264 UNITS

TOWNFAIR APARTMENTS265 UNITS

GRESHAM CITY HALL

CROSSINGS AT GRESHAM STATION82 UNITS

GRESHAM STATION MEDICAL PLAZA

Traffic Count26,715 ADT

NW BURNSIDE RD

Gresham City Hall Station

LOCATED WITHIN THE BUSTLING PORTLAND MSA Portland’s gross regional product is currently over $140 billion per year and has grown over 60% in the

last decade. This rate of growth makes Portland the fastest growing economy compared to the top

10 metropolitan areas on the West Coast over the same time period. A harbor for green technology

companies, Portland has pro clean-technology tax incentives that have brought over 450 clean-tech

companies to the region including, Vestas America, Iberdola, and SolarWorld. A strong tech sector

coupled with a vibrant athletic outdoor industry and advanced manufacturing have made Portland a

very sought after commercial real estate market. Additional local government sanctions, constraining

land supply, limit the amount of new development. These sanctions have helped buoy occupancy

rates, while preserving the local area for sustained future growth.

6

HFF

Executive Summary

GRESHAM HIGH SCHOOL1,750 STUDENTS GRESHAM CENTRAL APARTMENTS

90 UNITS

HOOD VILLAGE APARTMENTS74 UNITS

EAST FAIR TERRACE APARTMENTS100 UNITS

HIGH IDENTITY INFILL LOCATION WITH STRONG VISIBILITY AND DEMOGRAPHICS Gresham Station Medical Plaza is strategically located along NW

Burnside Road, immediately adjacent to Gresham Station Shopping

Center, Gresham City Hall, and Civic Drive MAX station. The Property

benefits from a burgeoning population of 243,000 persons within a

5-mile radius, forecasted to grow by 5.50% from 2015-2020, as well

as the daily exposure to over 26,700 vehicles on NW Burnside Road.

Gresham Station Shopping Center provides tenants at the Property

immediate access to the premier regional power center in Multnomah

County anchored by national retailers including Best Buy, LA Fitness,

Bed Bath & Beyond, ULTA, and desirable eateries such as Red Robin,

Panera Bread, Panda Express, and Baja Fresh.

1 Mile 3 Mile 5 Mile2015 Population Estimate 17,550 140,722 243,2902020 Population Projection 18,856 148,620 257,376Population Growth 2015-2020 7.44% 5.61% 5.79%

2015 Household Estimate 7,106 51,002 87,1382020 Household Projection 7,607 53,777 91,928Projected Household Growth 2015-2020 7.05% 5.44% 5.50%

2015 Est. Average Household Income $58,364 $61,718 $62,2072015 Est. Median Household Income $47,907 $48,836 $49,1712015 Est. Median All Owner-Occupied Housing Value

$245,311 $233,638 $238,020

2015 Est. Civ. Employed Population 8,447 63,323 108,0732015 Est. Workers Age 16+ <30 Minutes Travel Time to Work

2,389 19,751 36,227

Sources: The Nielsen Company (2016)

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Gresham Station Medical Plaza

HFF

©2016 HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.

NICK KUCHA Senior Managing Director 503.417.5585 | nkucha@hfflp.com

EVAN KOVAC Managing Director 858.812.2365 | ekovac@hfflp.com

ANDREW MILNE Senior Real Estate Analyst 858.812.2370 | amilne@hfflp.com

TRENT JEMMETT Real Estate Analyst 858.812.2363 | tjemmett@hfflp.com

JAMES CHILDRESS Senior Real Estate Analyst 503.417.5582 | jchildress@hfflp.com

LOGAN GREER Real Estate Analyst 503.265.5096 | lgreer@hfflp.com

INVESTMENT ADVISORS

DEBT ADVISORSTOM WILSON Managing Director 503.224.3311 | twilson@hfflp.com

ERICA CHRISTENSEN Associate Director 503.417.5586 | echristensen@hfflp.com

GRESHAM STATIONMEDICAL PLAZA