Sims provides equity to Oasis Lifestyles to replace, expand and relocate a 102 bed assisted living community with a new 153 bed, 96,000 square foot assisted living community. The equity provided will satisfy the loan-to-value requirements for a construction loan.

Fort Bend County, TX (January 6, 2006) – Herbert J. Sims & Co., Inc. (Sims) provided equity to Oasis Lifestyles (“Oasis”) in Meadows Place, Fort Bend County Texas. Oasis is replacing, expanding and relocating a 102 bed assisted living community with a new 153 bed, 96,000 square foot assisted living community. The equity provided by Sims, together with equity provided by Oasis’ partners, will satisfy the loan-to-value requirements for a construction loan. The new community is located on a 31 acre campus which will also include medical office buildings, a sub-acute hospital, a parking garage and park.

Sims raised the equity through a private placement to its high net worth client base. The Sims financing is attractive to Oasis’ partners for several reasons: 1) Oasis raised capital from a single source – Sims – who represents its investors, 2) Sims provided a majority of the equity for Oasis, so that Oasis partners can inject more equity into the medical office building project located on an adjacent site to Oasis, and 3) the Sims equity enabled more units to be built. The expanded Oasis will meet the market demand for higher acuity assisted living, dementia care and geriatric psychiatric and neurodiagnostic insomnia services.

Sims is actively financing new developments, expansions and acquisitions in the senior living industry with equity, preferred equity, subordinated debt and/or senior debt.