LIFESPACE COMMUNITIES, INC. OWNS FIFTEEN DIFFERENT COMMUNITIES (5 IN FL, 3 TX, 2 IN IL, 1 IN MN, KS, PA, WI AND NE) WHICH PROVIDE APARTMENTS AND HEALTH CARE FOR RETIRED PERSONS. RESIDENTS PAY AN INITIAL ENTRANCE FEE AND MONTHLY FEES THEREAFTER WHICH ENTITLE THEM TO THE USE OF THE COMMUNITY FOR LIFE AND UNLIMITED USE OF THE HEALTH CENTER. RESIDENTS DO NOT ACQUIRE TITLE OF THE PROPERTY.