September 20, 2001

Cambridge Realty Capital Companies Chairman and President, Jeffrey A. Davis, reports that Cambridge has had a strong first seven months of 2001 in closing senior housing / healthcare financings of approximately $40 million. Cambridge prides itself on being the one call an owner, broker or consultant needs to make to satisfy their senior housing / healthcare capital requirements.

"Despite the major slowdown in the economy over the last year and in the senior housing / healthcare capital markets, Cambridge's programs and other activities continue to be strong," says Cambridge's chairman. "Numerous conventional lenders and Wall Street purchasers have abandoned senior housing and this has created an opportunity for Cambridge, especially in the HUD 232 MAP program, to significantly increase the company's lending activity."

"Loans have been closed on a national basis ranging from California and Washington to Illinois, with commitments outstanding and funding scheduled in many other states over the next few months."

"As a unique and specialized niche financing / investment firm, we have always viewed it as critical to offer financing products to address the needs of our current and future clients. This is a continuation of Cambridge's unique relationship-building process, The Signature Experience?. This is Cambridge's empowerment program for owners, operators, brokers, consultants, and financial institutions in the senior housing and healthcare business. Its purpose is to provide direction, confidence and capabilities for Cambridge business clients.

In addition, Cambridge has expanded its menu of debt and equity products. Programs that have been recently introduced by Cambridge include a bridge lending program, a Fannie Mae / Freddie Mac lending alliance with American Property Financing, and a construction lending alliance, as well as expansion of its sale / leaseback and other equity-oriented lending programs.