Newton, MA (October 27, 2003): Senior Housing Properties Trust (NYSE: SNH) today announced that Frederick N. Zeytoonjian has been elected a Trustee to replace Arthur G. Koumantzelis who resigned.
Mr. Zeytoonjian's principal occupation during the past five years has been as Chairman and CEO of Turf Products Corporation of Enfield, CT, one of the largest distributors of lawn care equipment in the United States. Mr. Zeytoonjian is also a Trustee of HRPT Properties Trust, a publicly owned real estate investment trust which owns office buildings. HRPT formerly owned SNH until it was distributed to HRPT shareholders in a 1999 spin out transaction. HRPT currently owns 12,809,238 SNH common shares which constitutes approximately 22% of the total common shares of SNH outstanding.
Mr. Koumantzelis has been Trustee of SNH since it became a separate public company in 1999. The Board of SNH expressed its appreciation to Mr. Koumantzelis for his service during the past four years.
Mr. Zeytoonjian (age 68) will serve as a Trustee of SNH for the remainder of Mr. Koumantzelis's term until the annual meeting of SNH shareholders in 2005.
Senior Housing Properties Trust is a real estate investment trust headquartered in Newton, MA that has investments in 145 senior living and healthcare facilities located throughout the United States.