PMB completes the development of LEED Silver MOB in Los Angeles

Mission Hills, CA, October 10, 2012 - Pacific Medical
Buildings and Facey Medical Group, are excited to announce the recent opening of the new Facey Medical Group Clinic in Mission Hills.

Facey Medical Group was founded by
Dr. Frederick Facey in 1923 in San Fernando Valley as a one-physician practice. Today, it is a 160-physician, multi-specialty medical group with more than 170,000 prepaid, enrolled
members. To better serve those members and expand their practice, the non-profit Facey Medical Foundation, which manages the group, selected San Diego-based Pacific Medical
Buildings to develop their new clinic in August 2010. The Facey Medical Group recently announced its affiliation with Providence Health & Services of Southern

We're excited to open this progressive new healthcare facility to the Los Angeles community, says Bill Gill, CEO of Facey Medical Foundation. PMB
led a very successful development process delivering an end product allowing us to better manage the health of our population for decades to come.

The three-story,
124,000-square-foot clinic is leased 100 percent by the Facey Medical Foundation for use by the medical group. It houses an urgent care center, a Medicare certified endoscopy
center, optometry, pediatrics, gastroenterology, oncology infusion center, women's health center, physical therapy, imaging and radiology, laboratory, on-site pharmacy and much

"PMB created a team-oriented, transparent development process for the new facility," stated Prub "PK" Khurana, Chief Administrative Officer for Facey
Medical Foundation. "The PMB team managed a very complex process ultimately resulting in a project that was delivered ahead of schedule and significantly under budget. This
allowed for a quicker time to market providing significant value to our patients and organization. We're proud of our new facility and successful partnership with PMB."
a developer of ambulatory care facilities and hospital-based parking structures, identified and acquired the off-market 6.8-acre site to develop, finance, own and operate the
facility. PMB retained Erdman to design and build the new clinic and began construction in the first quarter of 2011. The project was completed in the third quarter of 2012 and is
a joint venture between PMB and Ventas Inc., PMB's financial partner and one of the nation's largest real estate investment trusts (REITs).

Mark Toothacre, President
of PMB commented "PMB is proud to partner with the Facey Medical Group as they continue their commitment to service, innovation and quality care. The opening of the new Facey
Medical Group Clinic allows Facey to execute its healthcare delivery strategy and enhance its leadership position in the evolving healthcare marketplace. The new clinic continues
Facey Medical Group's dedication to improving the health of the greater Los Angeles community."

PMB is finalizing LEED® Silver certification for the clinic with the
U.S. Green Building Council (USGBC). When certified, the facility will be Los Angeles County's first LEED® Silver-certified medical office building of more than 100,000 square
feet. Construction teams recycled over 90 percent of the previous building on the property and used only local plant species for the landscaping in order to conserve water. A new
building automation system includes an interactive wall display that lets visitors see real-time information about energy consumption and savings. LEED®, Leadership in Energy and
Environmental Design, is an internationally recognized rating system developed by USGBC as the benchmark for the design, construction and operation of high performance green
buildings. LEED® Silver certification recognizes that a developer has delivered a building that meets a high level of stringent, environmentally friendly and energy efficient

About Facey Medical Group and Facey Medical Foundation
Based in Mission Hills, California, Facey Medical Group employs more than 160 physicians in multiple
specialties dedicated to providing quality medical services to more than 170,000 residents in the San Fernando, Santa Clarita, San Gabriel and Simi Valleys. A leader in technology
solutions for coordinated care, Facey Medical Group is recognized by the California Association of Physician Groups as an "elite" medical group by surpassing thresholds in care
management, health IT, accountability and transparency, and patient centered care. Facey Medical Foundation is a not-for-profit healthcare foundation that provides management
services to Facey Medical Group. The Foundation operates 10 multi-specialty medical group clinics and two urgent care centers. For more information about Facey, visit

About Pacific Medical Buildings
Pacific Medical Buildings (PMB) is an integrated healthcare real estate partner for health systems, hospitals, medical
groups and universities. We specialize in the development and management of ambulatory care facilities including medical office buildings, outpatient, clinical and academic
facilities and parking structures. For more than 40 years, we have been a strategic partner to our clients and led the industry in the development and management of medical care
buildings with 81 healthcare facilities constructed to date throughout the United States. We currently own and manage 48 facilities totaling 3.25 million square feet with more than
7,000 structured parking stalls, and have five projects under development that will total 650,000 square feet. Headquartered in San Diego, we also have offices in Austin; Honolulu;
Las Vegas; Los Angeles; Nashville; New Orleans; Orange; Phoenix; Portland; and Vancouver, Washington. For more information on PMB, please visit

This article was released by Healthcare Finance News