b'By identifying strategically attractive communities in Virginia and the surrounding states, Commonwealth has been able to grow entirely through Continued acquisitions and expansions. From day one, we have believed in investing resources in our existing communities. Renovations strengthen a communitys position in its marketplace, and the addition of memory care services, where not Growth already available, expands the market and offers a continuum of care for residents. Expanding the capacity of our communities provides economies of scale, greater financial stability and growth opportunities for the associates who work in them.Commonwealth is a well-capitalized, financially stable company.We have the team and systems in place to ensure a smooth transition of new communities into our portfolio. Our geographic concentration and organizational structure allows us to make decisions quickly andWe continue to look for respond to changing industry and market trends. We provide supportopportunities to grow our and direction to our on-site team onorganizational footprint, critical areas of operations such asto care for more people, capital improvements, liability issues, environmental and regulatory issues.to provide outstanding We perform utility analysis, manageemployment opportunities contracts and conduct on-site qualityand to deliver a return to assurance programs. We ensure that our communities are staffed with a cohesiveour investors. team focused on creating the best living environment for our residents. We continue to look for opportunities to grow our organizational footprint, to care for more people, to provide outstanding employment opportunities and to deliver a return to our investors.'