Presidential Towers Donates Apartment to the University of Illinois Medical Center

Presidential Towers Donates Apartment to the University of Illinois Medical
Center
Apartment Provides Patients and Families a Place to Stay Free of Cost

CHICAGO, Aug. 17 /PRNewswire/ -- Presidential Towers, a Waterton Residential
community, announces its donation of a fully furnished two bedroom apartment
to the University of Illinois Medical Center (UIMC), allowing patients and
their families to stay for free while undergoing care at the medical center.

"Based on our location and availability, the managing partners of Presidential
Towers felt that this was a great way to give back to our community," states
Phyllis Kempton, Community Manager, Presidential Towers. Presidential Towers
is located in Chicago's West Loop neighborhood, less than a mile from the UIMC
campus.

Many patients go to the UIMC for specialty services, such as those provided by
the Illinois Stroke Institute. Patients often travel long distances - many
travel from out of the country - to receive care at UIMC. The medical center
works with patients and their doctors to schedule appointments, procedures or
therapies over a one to three day period, allowing patients to stay at
Presidential Towers at no cost during that time.

"The University of Illinois Medical Center is profoundly grateful for the
generous gift provided by Waterton Residential and Presidential Towers," said
John J. DeNardo, CEO, UIC Healthcare System. "The apartment provides a 'home
away from home' atmosphere and enables our patients to focus on their medical
care and recovery."

In addition to its partnership with the University of Illinois Medical Center,
Presidential Towers sponsored and hosted the 2009 American Lung Association's
Climb Chicago stair climb in March, and will host the 2010 and 2011 events as
well. It also partners with the city of Chicago on the Building a Healthier
Chicago initiative.

About the University of Illinois Medical Center:
The University of Illinois Medical Center, centrally located in one of the
largest urban healthcare districts in the nation, consists of a 507 bed
hospital and more than 40 outpatient clinics and health centers. The UIMC
provides comprehensive healthcare services to the people of Illinois and
beyond, giving special consideration to patient's unique medical challenges,
emotional needs and cultural sensitivities. Diverse medical teams bring the
world's latest advancements to patient care, research and teaching to the
UIMC. The Medical Center campus serves as the primary teaching facility for
the University of Illinois at Chicago Health Science Colleges. To learn more
about the University of Illinois Medical Center visit their website at
www.uillinoismedcenter.org.

About Waterton Residential:
Waterton Residential is an affiliate of Waterton Associates L.L.C., a
Chicago-based real estate private equity firm. Waterton owns and manages
approximately 15,000 units nationwide. Since its inception in 1995, the firm
has invested over $3 billion in 110 communities through joint ventures with
major financial institutions, investment banks and pension funds. Employing
over 440 individuals, Waterton is a vertically integrated company specializing
in acquiring and managing multifamily properties to which it can add value
through repositioning and renovation. For more information, please visit
www.watertonresidential.com.

SOURCE Waterton Residential

Sarah Katz, +1-312-376-0246, Sarah.katz@lisapmaxwell.com, for Waterton
Residential