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HEALTH AND REHABILITATION PROPERTIES TRUST ANNOUNCES ACQUISITION AND LEASE OF SEVEN HEALTHCARE FACILITIES FOR $16.75 MILLION

HEALTH AND REHABILITATION PROPERTIES TRUST ANNOUNCES ACQUISITION AND
 LEASE OF SEVEN HEALTHCARE FACILITIES FOR $16.75 MILLION
 NEWTON, Mass., July 1 /PRNewswire/ -- Health and Rehabilitation Properties Trust (NYSE: HRP) today announced it has funded and closed an acquisition of seven healthcare facilities for $16.75 million from Samaritan Senior Services, Inc. and its affiliates, and has leased these facilities to a subsidiary of GranCare, Inc. (NASDAQ: GRNC).
 The seven facilities include five nursing homes and two retirement living apartment complexes. The facilities are La Salette Rehabilitation and Convalescent Hospital (122 beds located in Stockton, Calif.), Village Green Nursing Home (127 beds located in Phoenix), Sunquest Village of Yuma (65 beds supervisory care apartment complex located in Yuma, Ariz.), La Mesa Care Center (128 beds in Yuma, Ariz.), Huron Nursing Home (163 beds located in Huron, S.D.), Sunquest Village of Huron (59 unit retirement living apartment complex located in Huron, S.D.), and Mom and Dad's Health Care Center (159 beds located in Sioux Falls, S.D.)
 The health care facilities have been acquired from Samaritan Senior Services, Inc. and its affiliates. Samaritan Senior Services, Inc. is a subsidiary of The Samaritan Foundation, a major not-for-profit provider of health care services headquartered in Phoenix. The facilities have been leased by HRP simultaneously with their acquisition to a 100 percent owned subsidiary of GranCare, Inc. HRP now leases 23 nursing homes and two retirement living apartment complexes, and has provided mortgage financing for two nursing homes operated by GranCare, Inc.
 The lease is for an initial period of 15 years with renewal options totaling an additional 20 years. Minimum rent in the first year will be approximately $1.95 million. In addition, rent will be supplemented quarterly based upon gross revenue increases at the leased facilities.
 Upon announcing this transaction, Mark J. Finkelstein, president and CEO of HRP, stated:
 "We are very pleased with this transaction for a number of reasons. First, this transaction provides continued diversity of our investment portfolio in terms of operator, facility type and geographical location. We have experience with the GranCare management team and believe them to be experienced and well-respected in the long term health care arena. Second, we view these facilities as having good potential for revenue growth. We believe these facilities are choice facilities and will continue to prosper. Third, this transaction should add approximately 3 cents per share of cash flow available for distribution per year."
 Health and Rehabilitation Properties Trust is a real estate investment trust which invests in health care related real estate. With the conclusion of this transaction, HRP has invested approximately $364 million in 51 health care facilities located in 18 states.
 -0- 7/1/92
 /CONTACT: Mark J. Finkelstein, president or David J. Hegarty, treasurer of HRPT, 617-332-3990/
 (HRP GRNC) CO: Health and Rehabilitation Properties Trust; GranCare Inc. ST: Massachusetts IN: HEA MTC SU: TNM


TM -- NE013 -- 5866 07/01/92 16:10 EDT
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Date:Jul 1, 1992
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