Since 1990, Triad Senior Living has built, opened, leased-up and managed independent living, assisted living, memory care and nursing facilities in 8 states. Our typical communities target the nation's middle-income elderly with most properties ranging from 200 to 250 units in size. Since we believe in integrating assisted living for the full continuum of care, over the years the majority of our communities have been renovated to allow for this important living option for our residents as their needs change. In 2004, the ownership interests in 19 jointly-developed communities were sold to Capital Senior Living Corporation (NYSE: CSU). Since that time, we have continued to acquire assets that meet our investment objectives as well as provide third-party management and consulting services to a variety of for-profit, non-profit, and institutional clients. Triad currently manages communities in Oklahoma, Illinois, and Florida.