MOB Atlanta Market Report - Mid Year 2010

Metro Atlanta - Medical office space in Metro Atlanta has been negatively impacted by the recent economic downtown.  In real estate terms net absorption is one indicator of the overall health of a market.  Overall absorption, the net difference in the amount of space occupied between quarters has been negative in four of the past six quarters.  During the 2nd quarter of 2010 the market had a net negative absorption of -174,351 square feet, the largest drop in overall occupied space recorded.  Northwest Atlanta and the Central Perimeter markets had the largest net negative losses at -70,572 and -36,155 square feet each.  We see this as correction in the market that will start to turn positive by year’s end.

BEST of MOBATL - Wahoo Creek Professional Park

Wahoo Creek Professional Park

Millard Farmer Industrial Blvd

Newnan, Georgia 30263

South Atlanta Submarket

Newnan’s newest medical office building development is strategically located along the State Route 34 Bypass connecting the existing Piedmont Newnan Hospital, the new Cancer Treatment Center of America site and the anticipated new Piedmont Newnan Hospital. Initial plans include two 45,000 square foot, 2 story Class A medical office buildings, with high grade common areas, covered drop off area and reserved physician parking. The first building is projected to be delivered in forth quarter of 2010 with ownership and equity position available.