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SNH Buys Three Properties for $31.2 Million

October 02, 2006

NEWTON, Mass.--Senior Housing Properties Trust (NYSE: SNH) today announced it has acquired three senior living properties for $31.2 million. Simultaneously, SNH entered a long term lease arrangement with Five Star Quality Care, Inc. (AMEX: FVE) for these same properties.

The rent payable by FVE to SNH for these three communities will be $2,621,000 per year, creating an initial return of 8.4% per annum, plus future rent escalators based upon increases in gross revenues at the facilities. These communities will be added to a combination lease for 109 communities from SNH to FVE which has a current term ending in 2020, plus tenant renewal options thereafter.

The three properties that SNH has acquired have a total of 304 living units and are summarily described as follows:

SNH has funded this transaction by drawing under its revolving bank credit facility and by assuming a pre-existing mortgage on the Savannah, GA property for approximately $19 million.

Senior Housing Properties Trust is a real estate investment trust, or REIT, that owns 196 healthcare and senior living properties located in 33 states. SNH is headquartered in Newton, Massachusetts.

Senior Housing Properties Trust
Timothy A. Bonang
Manager of Investor Relations

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