AIG Global Real Estate and First & Main Announce a Four-Year Joint Venture to Develop, Own and Operate Senior Living Communities across the US

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NEW YORK–(BUSINESS WIRE)–AIG Global Real Estate (“AIG”) announced today that it has entered into
a joint venture with First & Main™ to integrate the ownership,
development and operational components for a new brand of independent
living, assisted living and memory care communities across the Midwest
and greater US market. The Joint Venture is contracting with Granger
Group of Companies, LLC (“Granger”) to deliver the projects on a turnkey
basis. AIG and First & Main expect to co-invest on new acquisition and
development opportunities throughout the U.S. over the next four years.

The first five projects anticipate closing on financing to occur by
November 2015 and commence construction with estimated completion in the
fourth quarter of 2016. Three projects are located in surrounding
suburbs of Metro Detroit: Auburn Hills, Bloomfield Township, and
Commerce Township. The remaining two projects are located outside the
Greater Columbus market in New Albany and Orange Township.

The First & Main™ Sponsor entity is led by Gary Granger, founder and CEO
of Granger Group. In January 2015, Gary partnered with Jeramy Ragsdale,
a well-known senior living operator, for the management of the First &
Main™ platform in an effort to build an integrated brand that will set
the stage for the future of senior living.

Regarding the acquisition, Derrick McSwain, Managing Director at AIG
Global Real Estate Investment Corp., said, “We are excited about our new
partnership with First & Main and the opportunity to align ourselves
with a partner who shares our vision for excellence in both operations
and asset quality. First & Main will be a valued partner and a key
component of our senior housing growth strategy for years to come.”

Gary Granger said, “We are delighted to join together with AIG in a
long-term partnership that extends beyond the traditional real estate
venture. The senior living industry is all about delivering an
unparalleled experience that provides the highest level of quality in
hospitality and healthcare services that will exceed expectations. “

About AIG Global Real Estate:

AIG Global Real Estate Investment Corp., founded in 1987, comprises a
group of international companies within AIG that invests in and actively
manages real estate for clients and AIG member companies throughout the
world.

About First & Main™:

First & Main™ is focused on becoming the place where senior living
residents remain connected to each other, close to their families, and
integrated in active, developed communities. The goal is to have seniors
find the care they need to stay well and live active, vibrant, and
healthy lives – all in an upscale, modern atmosphere that feels like
home.

About Granger Group:

Since 1997, Granger Group has invested in groundbreaking healthcare
platforms in an effort to stay ahead of the ever-changing healthcare
trends. The company has designed, financed, and developed
patient-centered environments for hospitals, surgery centers, and senior
living, including the world’s first 100% LEED-certified health village.

About American International Group, Inc.:

American International Group, Inc. (AIG) is a leading global insurance
organization serving customers in more than 100 countries and
jurisdictions. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG companies
are leading providers of life insurance and retirement services in the
United States. AIG common stock is listed on the New York Stock Exchange
and the Tokyo Stock Exchange.

Additional information about AIG can be found at www.aig.com
| YouTube: www.youtube.com/aig
| Twitter: @AIGinsurance
| LinkedIn: http://www.linkedin.com/company/aig

AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.

Contacts

AIG Global Real Estate:
Derrick McSwain, 404-965-5959
Derrick.McSwain@aig.com
or
Granger
Group,
Tricia Harney, +01.616.248.3566
tharney@grangergroup.us