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COMMERCE BUSINESS DAILY ISSUE OF APRIL 9,1998 PSA#2070

Department of Veterans Affairs Central Office, Office of Facilities Management, (182C), 810 Vermont Avenue, N.W., Washington, D.C. 20420

Y -- INDEPENDENT/ASSISTED LIVING CENTER DUE 050898 POC Contact, Renee Badey (Portfolio Manager), 202-565-4307 The Department of Veterans Affairs (VA) is announcing a development opportunity for an Independent/Assisted Living Center/Alzheimer's Unit at the Alvin C. York VA Medical Center (VAMC) in Murfreesboro, Tennessee. The Departments goal in this public/private venture is to obtain a quality, on-site, continuing care retirement community in which veterans and their spouses can reside (although the center would be open to all persons) in a managed care environment. The center would be located within this beautiful 400+ acre medical complex in Rutherford County, one of the fastest growing counties in Tennessee. -- The development mechanism will be VA's unique, Enhanced-Use leasingprogram. Through this development authority, VA can offer a nominal, long-term use of VA's assets (up to 35 years) in order to accommodate the scope of the project. The developer/operator will be required to finance, design, construct and operate all site improvements in accordance with State of Tennessee regulations and local building codes. In return for the long-term use of the assets, the lessee will be required to provide "fair consideration" to VA. Given the immediate proximity to the medical Center, there is great potential for mutually beneficial and shared service agreements. -- The VAMC Murfreesboro, Tennessee has approximately 1,400 employees. The current staff comprises a complete team of physicians, dentists, nurses, psychologists, physical therapists, dieticians, pharmacists, occupational therapists, medical technologists, and technicians, social workers and specialty technicians as well as other ward and administrative personnel. In addition to providing a complete range of inpatient hospital treatment, the medical center operates an active outpatient clinic program with the number of visits exceeding 60,000 in 1997. The ambulatory care program offers clinics in internal medicine, cardiology, gastroenterology, neurology, gynecology, surgery, podiatry, psychiatry and urology. -- The Department's intent is to aggressively pursue the immediate development of this proposal. If your organization is interested, please FAX a brief expression of interest to Renee Badey at (202) 565-5115, or call (202) 565-4307, on or before May 8, 1998. (0097)

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