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Exhibit A <br />Project Description <br />The financing or refinancing (including reimbursement) of the costs of acquisition, <br />construction, equipping and improvement of existing and additional facilities at the ACTS <br />properties, including the financing of some or all of the costs of issuance, the establishment of <br />any reserve funds, and the potential funding of capitalized interest, as further described below. <br />(1) St. Andrews Estates North <br />Address: 6152 North Verde Trail, Boca Raton, FL 33433- <br />2430 <br />Description of Existing Facility: 251 independent living units, central facilities and a <br />119 bed medical care facility. <br />Projects to be Financed: Miscellaneous capital improvements and <br />renovations and the acquisition of capital <br />equipment, including, but not limited to, <br />renovations and upgrades to residential living units, <br />health care facilities and common areas, the <br />acquisition of new plant equipment, and other <br />facility enhancements. <br />(2) St. Andrews Estates South <br />Address: 6045 Verde Trail South, Boca Raton, FL 33433- <br />4476 <br />Description of Existing Facility: 305 independent living units, central facilities and <br />40 assisted living units. <br />Projects to be Financed: Miscellaneous capital improvements and <br />renovations and the acquisition of capital <br />equipment, including, but not limited to, <br />renovations and upgrades to residential living units, <br />health care facilities and common areas, the <br />acquisition of new plant equipment, and other <br />facility enhancements. <br />(3) Edgewater Pointe Estates <br />Address: 23315 Blue Water Circle, Boca Raton, FL 33433- <br />7053 <br />PHTRANS/ 928517.1 <br />