JLL Valuation Advisory Senior Housing Brochure

U.S. Valuation Advisory

Senior Housing & Healthcare Achieving client ambitions through market insight

Valuation Advisory Senior Housing & Healthcare Whether you’re a portfolio owner, an institutional investor, or lender, it’s critical to understand the precise value of a single asset, or global portfolio – particularly in today’s ever-changing business and economic landscape.

JLL Valuation Advisory[1] is a global network of more than 1,700 professionals,operating from 44countries, to deliver expertise across the commercial real estate spectrum. You can rely on us to look beyond present value assessments to understand market trends, competing assets and projected income to deliver accurate, reliable valuations,providing a strong foundation for any real estate transaction.

SENIOR HOUSING Age Restricted (55+) Active Adult Independent Living Assisted Living Memory Care Skilled Nursing Care CCRC/ Life Plan Communities

Driven by a passion for client service and powered by real-time data, world-class research and cuttingedge technology, our seniors housing and healthcare specialists can help you put knowledge into action.

We have longstanding connections with sector insiders yet act independently to assess the value of each asset or portfolio. Our leadership team is also affiliated with several industry organizations, including NIC, ASHA, Revista, BOMA, ULI, NCREIG, and the Appraisal Institute.

We strive to be your trusted advisor of choice.

[1] U.S. property valuation and tax consulting services are performed by JLL Valuation & Advisory Services, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.

HEALTHCARE Medical Office Ambulatory Surgery Center Acute and Post Acute Care Hospitals Critical Access Hospitals Micro Hospitals/Freestanding ERs Behavioral Health Substance Abuse Treatment & Recovery Centers

Reliable market valuations • • • • • • • •

Appraisal, real property and going-concern Portfolio valuations Purchase price allocations (ASC 805 reporting) Litigation support HUD Section 232 Lean Fannie Mae & Freddie Mac Stark Law and anti-kickback compliance Net asset valuations per IPA guideliness

World-class advisory services • • • • • • • • •

Market & Feasibility Studies Site selection Underwriting due diligence Financial modeling Expert testimony Fair market rent analysis Lease renewal & purchase options Consumer research surveys Valuating indexing & operational benchmarking

Property tax services • • • • •

Pre-acquisition consultations Assessment tracking and notification Annual income and expense reporting, where required Appeal recommendation and representation Post-appeal litigation support

• • • • •

Preparation of tax budgets Tax bill tracking and approvals Abatement and exemption investigation and recommendation Reporting of business personal property tax returns Audit representation for business personal property tax returns

National Platform

Awards and Recognitions

2020 year-end track record

Trusted Advisors

$3.7T

Valuation Advisory global transaction volume in 2020

1,700

Valuation Advisory professionals worldwide

$202.9B in assets appraised in the U.S. in 2020

13,281

Valuation Assignments completed in the U.S. in 2019

175+

Valuation Advisory professionals in U.S.

We won numerous awards and recognitions through February 2020 that reflect the quality of theservices we provide to our clients,the integrity of our people and our desirability as a place to work.

Top 70 Companies for Executive Women National Association for Female Executives 4th year in a row

World’s Most Ethical Companies Ethisphere Institute 13th year in a row

World’s Most Admired Companies Fortune magazine 3rd year in a row

America’s Most JUST Company in the Real Estate Industry Forbes 4th year in a row

100 Best Companies Working Mother 3rd year in a row

100 Best Corporate Citizens in the United States CR Magazine 4th year in a row

Perfect Score on the Human Rights Campaign Foundation’s Corporate Equality Index 6th year in a row

World-class Research JLL’s research team delivers intelligence, analysis and insight through market-leading reports and services that illuminate today’s commercial real estate dynamics and identify tomorrow’s challenges and opportunities.

Backed by over 400 research professionals in over 60 countries, our research and expertise is fueled by real-time information and innovative thinking around the world. We partner with JLL’s research team to provide accurate market intelligence on specialized sectors, such as seniors housing and healthcare. Our collaboration creates a competitive advantage for our clients and drives successful strategies to optimize their real estate decisions.

U.S. Senior Housing Investor Sentiment Survey With the number of baby boomers reaching retirement age increasing in the next 10 years, the senior housing sector will be a growth sector that will warrant a lot of attention. JLL’s bi-annual Valuation Advisory’s Senior Housing Investor Sentiment Survey provides perspective on what’s ahead for the sector.

U.S. Healthcare Real Estate Outlook Interest in healthcare real estate is increasing as fast as the industry is growing. Rising patient numbers and increased real estate spending point to long-term demand and cycle resilience for investment in healthcare related buildings.

This annual outlook reports the top trends in healthcare real estate.

U.S. Healthcare Construction Outlook A quarterly development profile and overview of key trends affecting the United States healthcare sector.

U.S. Investment Outlook A comprehensive, bi-annual look at U.S. investment trends by property sector reports on the themes that are expected to shape investor behavior in the months ahead.

Please visit us.jll.com/research for our latest reports. To subscribe, please contact jllresearch@am.jll.com.

Data-driven results Using data, technology and the most globally connected team with local expertise to drive accurate and timely decisions.

Our objective • • • • •

Be able to seamlessly serve global mandates.

Deliver margin accretion through the integration and automation of data points and process for valuation services.

Improve the channels, speed and content of client communication.

Enhance our risk management procedures.

Enable the business to be strategic advisors.

Data Collation Property Intelligence Xchange (PIX) is our global Valuation Advisory platform enabling instant property intelligence solutions and insights - any time, any place. PIX integrates our data and provides a single platform for instant property intelligence with the most up-to-date comprehensive information resulting in expanded data capture, improved comparable functionality, and faster report delivery.

Virtual Inspection Valuations Technology innovation is part of JLL’s DNA and we are proud to have delivered our Virtual Inspection and Valuations, to our usual high standards, across the U.S. Meeting regulatory requirements and facilitating informed decisions, the local and international banking sector has identified JLL’s Virtual Inspection and Valuation platform as the most robust and secure solution on the market today.

Contact us VALUATION ADVISORY

Brian Chandler, MAI, CRE,FRICS Managing Director +1 214 808 0044 brian.chandler@am.jll.com

Bryan Lockard,MRICS Managing Director +1 813 3871301 bryan.lockard@am.jll.com

us.jll.com/valuationadvisory JLL’s Valuation Advisory platform leverages the firm’s global experience and deep knowledge of local real estate markets to provide industry-leading valuation, market analytics and advisory services to a wide range of clients. We offer the highest quality market insights and property valuations to help our clients makeoptimal business decisions and manage risk. JLL Valuation Advisory is comprised of over 1,700 valuation experts and 145 offices globally. For more news, videos and research resources on JLL, please visit the firm’s U.S. newsroom.

U.S. property valuation and tax consulting services are performed by JLL Valuation & Advisory Services, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.