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Shorewood Place and Shorewood Commons <br /> The Sponsor is the sole member of Wedum Shorewood Campus,LLC,which is the <br /> owner of Shorewood Place and Shorewood Commons, a 229-unit congregate care/assisted <br /> living facility providing assisted living services and housing to the elderly, located in <br /> Rochester, Minnesota. <br /> Wedum University Village <br /> The Sponsor is the owner of Wedum University Village,a 199-unit rental residential <br /> facility, on a 4.3-acre site two blocks from the University of Minnesota's Minneapolis <br /> campus. Wedum University Village is a student and faculty housing development created <br /> to address the growing demand for quality residential housing choices on or near major <br /> college and university campuses. Wedum University Village offers 127 two-bedroom, 60 <br /> four-bedroom, and 12 one-bedroom units, at market rate rentals. The development also <br /> includes 24,000 square feet of retail space for services and shops and a 200-car enclosed <br /> parking garage. <br /> Wedum University Village's purpose is unique among student housing facilities. <br /> While providing high quality, convenient rental housing for students, faculty and their <br /> families, it will also serve as a new source of funding to be dedicated to scholarships,to the <br /> support of expanded scholarship development activity,and to other types of student financial <br /> assistance. <br /> Partnership with Citizens'Scholarship Foundation of America <br /> The Sponsor has pledged to contribute a portion of the annual cash flow generated <br /> by Wedum University Village to the local Dollars for Scholars organization, a division of <br /> Citizens' Scholarship Foundation of America("CSFA"). CSFA is headquartered in St.Peter, <br /> Minnesota, and is a national leader in promoting scholarships and other private sector <br /> support for post-secondary students. CSFA operates the Dollars for Scholars program, a <br /> national grassroots movement in support of education. Organized regionally, community- <br /> based Dollars for Scholars chapters award scholarships to local students from funds raised <br /> locally on a community-wide basis. <br /> Martin County School District <br /> Through a series of planning and design studies the Sponsor determined that a school <br /> and an environmental studies center could be constructed on a site with complicated wetland <br /> owned by the Sponsor in an economically depressed area of Martin County, Florida. The <br /> Sponsor entered into a ten year plan that will facilitate the school district's construction of <br /> the school and assist with additional fund raising for the environmental studies center. <br /> Health Systems Integration/Compucare <br />