PALM BEACH GARDENS, Fla., March, 2004 - Rendina Companies, one of the nation's leading full-service medical real estate development companies, with headquarters in Palm Beach Gardens, Fla. and offices in La Jolla, Calif., announced a recent loan refinancing totaling over $16,000,000. The loan refinances the Rane's Childrens Pavilion and the St. Mary's Medical Pavilion both located on the campus of St. Mary's Medical Center in West Palm Beach.

• Northside Investors, Ltd.: The Rane's Childrens Pavilion refinanced through GE Healthcare Financial Services in the amount of $8,294,425.

• Southside Investors, Ltd.: The St. Mary's Medical Pavilion refinanced through GE Healthcare Financial Services in the amount of $7,705,575.

The Rane's Childrens Pavilion is a three-story, 36,800 square foot building and houses pediatric sub-specialist physicians.

The St. Mary's Medical Pavilion is a three-story, 36,800 square foot building located on and houses primary care physician offices.

"We are impressed with the quality by which Rendina builds its facilities and manages its properties," said Will Roberson, senior investment officer specializing in medical office building real estate for GE Healthcare Financial Services. "We value the trust Rendina has placed in us, and are pleased to be able to provide financing solutions for Rendina."

By associating with Rendina Companies, hospitals and physician tenants benefit from a program that offers significant ownership in medical office buildings without mortgage liability or the need to supply up-front cash. Rendina Companies arranges all project funding and is responsible for overall project management from start to finish, while allowing for hospital and physician involvement through the entire process.

We are very pleased with the professionalism and commitment of the lending team at GE Healthcare Financial Services," said Patrick DiSalvo, President of Rendina Companies. "We are thankful for the support GE has provided to grow our medical real estate development and acquisition programs."

About GE Healthcare Financial Services

GE Healthcare Financial Services, a unit of GE commercial Finance, is a provider of capital, financial solutions, and related services for the global healthcare market. With over $13 billion of capital committed to the healthcare industry, GE Healthcare Financial Services offers a full range of capabilities from equipment financing and real estate financing to working capital lending, vendor programs, and practice acquisition financing. With its knowledge of all aspects of healthcare from hospitals and long-term care facilities to physicians' practices and life sciences, GE Healthcare Financial Services works with customers to create tailored financial solutions that help them improve their productivity and profitability. For more information, visit GE Healthcare Financial Services' Web site at www.gehealthcarefinance.com .

About Rendina Companies

Rendina Companies has attracted to its full-service program some of the top medical real estate development professionals from around the country. Healthcare providers select Rendina Companies' experienced medical building development team to fast track a project from start to finish. Rendina Companies provides for every detail, including a wide range of financing options and development programs tailored to each client's needs.

For further information contact:

Phillip C. Dutcher
Senior Vice President - New Business Development
Rendina Companies
561-630-5055.

For information on leasing please contact:

Todd H. Varney
Senior Vice President, Leasing
Toll free 866-630-5055.

For additional information on Rendina Companies, visit our website at www.rendinaco.com

Additional information upon request.