NAIOP June 4, 2009

1. NAIOP June 4, 2009

2. What do you do with a dead mall?

3. 850,000 square feet on 56 acres

4. 2008 100 Oaks Photos What were they thinking?

5. 2008 100 Oaks Photos

6. 2008 100 Oaks Photos

7. Developer’s Team • Anthony T. Ruggeri – ATR & Associates, Inc. • Real estate owned, managed or sold in Plano, Dallas, Steamboat Springs, Lubbock, and other Texas locations • Frank Mihalopoulos – Corinth Properties • Several retail projects in Texas with one recent project being 70 acre Cedar Hill Village in Dallas totaling almost 700,000 square feet • Developers enlisted CB-Richard Ellis (Janet Sterchi) for marketing and Gresham, Smith and Partners for architecture

8. Developers Brought • Curiosity • Vision • Purchase of One Hundred Oaks • Development and Retail Expertise • Team to Deliver Project

10. The Challenge • VUMC Growth over the past 9 years • 93% in ambulatory visits • 63% in outpatient surgical operations • 60% in full-time clinical faculty • Space from 2.5 million square feet to approximately 4.5 million square feet • Traffic congestion • Expensive Parking

11. The Opportunity • One Hundred Oaks: 56 well located acres • 450,000 square feet of space requiring only renovation • On-site parking • Excellent visibility, recognition and interstate access • The entire facility (over 800,000 square feet) plus land available under lease/purchase • Lower capital expense

12. “The future ain’t what it used to be” Yogi Berra

14. Concept • Vanderbilt “branded” campus convenient to patients, faculty and staff • Transform 100 Oaks into a state of the art lifestyle center for health and wellness • Provide space on the 21st Avenue campus for growth of targeted clinics, faculty and staff offices • Minimize construction of on-campus parking and control traffic congestion • Sustainable construction – LEED Design Principles

15. Why 100 Oaks • One of few sites that is scalable to accommodate long range growth needs • Highly visible and known location • Ability to make this a nodal campus • Can be occupied in approximately three years. Similar developments on campus would take up to five years or more

16. Why Now? • Our targeted growth programs, Cancer, Cardiology, Surgery, Neurology and others are out of space. To reach our goals for these programs more space must be created on the 21st campus • This is a unique opportunity and will not be available later

17. Women’sHealth • All outpatient OB-Gyn services in one convenient location • “Centering” program • Region’s most comprehensive breast care center • Dedicated MRI for breast imaging • Region’s only multi-disciplinary breast cancer clinic • Saturday morning hours for screening • Ultrasound screenings and pregnancy dating

18. Expanded Programming • Consolidation of all dermatology practices into one convenient location: phototherapy, general dermatology, micrographic surgery (MOHS), cosmetics • Discrete cosmetic entrance and waiting • State of the art laser therapies available • Strong emphasis on prevention • Full diagnostic capabilities • Individual infusion bays with recliners, television, and space for family

19. Expanded Programming • First outpatient palliative care clinic • Research embedded to determine how pain is perceived, transmitted, relieved, prevented • Architectural design facilitates mobility & testing

20. Pediatric Focus University Pediatrics Adolescent Medicine

21. Diagnostic Capabilities • Full service laboratory facilities • Available if seeing provider @ One Hundred Oaks or elsewhere • Full service imaging facilities • Open MRI in ambient setting • State of the art testing/monitoring facilities • Pediatric and adult friendly

22. Convenience • Covered valet parking drop-off/pick up • Golf cart shuttles in parking • Wheelchair assist • Pagers • Electronic check-in • MyHealth@Vandy computers • Volunteers ready to assist CustomerService • Full service prescription services • Limited retail (over the counter) selections • Pharmacist on site for education/questions

24. New “Vanderbilt Health” Image

25. Transformation

26. Building Exterior

27. Front Entrance

28. Before

29. After

30. Before

31. After

32. Electronic Check-in • Check-in using a Credit Card or other magnetic stripe card • Conveniently located outside each clinic • Confirm patient demographic and insurance information • Pay insurance copayment electronically • Print receipt or schedule of upcoming appointments

33. Patient Pager System • Integrated with StarPanel Whiteboard • No keypads required • Customized text messages • Long range to cover entire building • One clinic-wide solution

34. My Health at Vanderbilt

35. Neighborhood Relationships • Neighborhood meetings • Green Hills, Forest Hills, Oak Hill, Brentwood • Berry Hill • Nolensville Rd. • Direct Mail to 20,000 households • Positive feedback on project and interest in Wellness Center • Community Grant Program

36. Community • Received 9 proposals totaling ~$60,000 • A total of $25,000 was awarded to 7 projects • Glencliff High School • The Neighborhood Resource Center • The South Nashville Family Resource Center • Flatrock Community Garden • The Hands Together in Flatrock Music and Arts Festival • The Junior Achievement program • The Council on Aging • Awarded early May 2008

38. Timing • May 2006 – Introduction of availability • June – Secret tour and internal discussions • July – Introduction of the parties on site • July 11, 2007 Lease signing • February 2008 Partial Occupancy • February – August 2009 Substantial Occupancy