PM Realty Group
910 Travis, Suite 1000
Houston, Texas 77002

AT PM REALTY GROUP:
John S. Dailey
Senior Vice President
Investment Services
(713) 209-5718

AT THE FINANCIAL RELATIONS BOARD:
Gillian O'Donoghue
Media Contact
312-640-6689

John Corey
General Information
312-640-6797

FOR IMMEDIATE RELEASE
Mar 29, 2000

PM REALTY GROUP AWARDED MARKETING ASSIGNMENT
FOR FORMER BAPTIST HEALTH MEDICAL CENTER IN
MONTGOMERY, ALABAMA

Multi-Purpose Healthcare Facility Located In
Heart Of Alabama's State Capital

MONTGOMERY, AL - PM Realty Group, one of the nation's leading full-service commercial real estate firms, today announced that its Investment Services division has been awarded the exclusive marketing assignment to sell the former Baptist Health Medical Center in downtown Montgomery, AL.

The property, owned by Baptist Health, includes a 270,000 square-foot hospital, an adjacent 74,000 square-foot medical office building and a 63,000 square-foot educational facility currently utilized by the Troy State Nursing College. The campus is situated on 11 acres of land in proximity to Alabama's State Capital building. The Center features all the standard amenities of a full-service hospital, including heavy electrical capabilities and parking in the heart of downtown Montgomery.

John S. Dailey, Senior Vice President with PM Realty Group's Investment Services division, will lead the marketing and sales effort on behalf of Baptist Health.

According to Dailey, the Center is a multifaceted property that will appeal to a broad range of buyers. The facility is in excellent condition and fully equipped for immediate alternate use, such as for high-tech companies needing above standard electrical supplies, educational and call centers, and state and government offices. He also says it is ideal for diverse medical usage, including congregate care, prison and behavioral services.

"We are delighted to have this opportunity to work with Baptist Health and to bring this unique property to the marketplace," said Dailey. "With superior facilities and a central location, we've already generated interest from a number of qualified buyers in a short time-frame. We look forward to achieving the owner's goals by identifying the best suited buyer for the property."

About PM Realty Group

PM Realty Group is a privately-held real estate service organization with more than 1,300 employees and 20 divisional and regional offices. Based in Houston, Texas, the company traces its roots back to 1954. PM Realty Group today conducts business in nearly every state, providing comprehensive real estate services to institutions, investors, corporations, real estate investment trusts, government agencies and healthcare providers.

PM Realty Group offers clients the full spectrum of real estate services, including property and facility management, leasing and marketing, corporate services, investment services, construction management, asset management and development, engineering services, portfolio administration, disposition and acquisition, consulting and due diligence and healthcare services.

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