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EXHIBIT A <br />CAPITAL PROJECTS DESCRIPTION <br />The financing or refinancing (including reimbursement), the costs of acquisition, construction, <br />equipping and improvement of existing and additional facilities at the properties of the Corporation as <br />more particularly described below. <br />(1) St. Andrews Estates <br />Address: North Campus: 6152 North Verde Trail, Boca Raton, <br />Palm Beach Co., FL 33433-2430 <br />South Campus: 6045 Verde Trail South, Boca Raton, <br />Palm Beach Co., FL 33433-4476 <br />Description of Existing Facility: 446 independent living units, central facilities, 70 <br />assisted living units and an 89 bed medical care facility. <br />Projects to be Financed: <br />Miscellaneous capital improvements and renovations <br />and the acquisition of capital equipment, including, but <br />not limited to, renovations and upgrades to residential <br />living units, health care facilities and common areas, the <br />acquisition of new plant equipment, and other facility <br />interior and exterior enhancements, including <br />specifically cafe, lobby and skilled nursing center <br />renovations, and technology advancements. <br />Maximum Principal Amount up to: $20,000,000 <br />(2) Edgewater at Boca Pointe <br />Address: 23315 Blue Water Circle, Boca Raton, Palm Beach Co., <br />FL 33433-7053 <br />Description of Existing Facility: 326 independent living units, central facilities, 43 <br />assisted living units and a 99 bed medical care facility. <br />Projects to be Financed: Miscellaneous capital improvements and renovations <br />and the acquisition of capital equipment, including, but <br />not limited to, renovations and upgrades to residential <br />living units, health care facilities and common areas, the <br />acquisition of new plant equipment, and other facility <br />interior and exterior enhancements, including <br />specifically skilled nursing center renovations and <br />technology advancements. <br />Maximum Principal Amount up to: $20,000,000 <br />4 <br />36039756.1 <br />