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AMERICAN HEALTH PROPERTIES INC. DEFERS MARCH PAYMENT DUE FROM FOUR WINDS KATONAH

 AMERICAN HEALTH PROPERTIES INC. DEFERS MARCH PAYMENT
 DUE FROM FOUR WINDS KATONAH
 DENVER, March 9 /PRNewswire/ -- American Health Properties Inc. (NYSE: AHE) stated that it agreed with Four Winds Hospital in Katonah (Westchester County) New York ("Four Winds") to defer until April 1, 1992 the March 1992 interest payment due under its first mortgage loan agreement (the "loan") with Four Winds. The company is continuing active discussions with Four Winds regarding a potential restructuring of the loan. The company is not in a position at this time to predict the duration or outcome of the discussions.
 Robert L.B. Diener, president of the company, stated that "Four Winds is cooperating with the company in a thorough review of hospital operations and we are engaged in productive discussions."
 The potential restructuring is related only to the Four Winds hospital in Katonah and will not affect AHE's investments in the Four Winds hospitals in Saratoga Springs, N.Y., and Chicago, Ill.
 AHE is a real estate investment trust (REIT) specializing in quality healthcare facilities. The company's investments include 24 acute care, rehabilitation and psychiatric hospital properties located in 14 states.
 -0- 3/9/92
 /CONTACT: Robert L.B. Diener, president and CEO of American Health Properties, 303-796-9793/
 (AHE) CO: American Health Properties Inc.; Four Winds Hospital ST: Colorado IN: HEA SU:


DM-SE -- LA006 -- 6226 03/09/92 09:02 EST
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Publication:PR Newswire
Date:Mar 9, 1992
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