KENNETT SQUARE, Pa., Feb. 7 /PRNewswire/ -- ElderTrust (NYSE: ETT), an
equity healthcare REIT, today conducted a conference call to discuss its
fourth quarter and 1999 year-end  earnings release with investors.  A replay
of this call is available by calling:

    Replay Number:   888-266-2086
    Passcode:        3010450
    Time Period:     Until 11:59 p.m. EST Monday, February 14, 2000

    The replay is also available on the Internet on the following Web sites
for 90 days:
                     http://www.vcall.com
                     http://www.streetfusion.com

    ElderTrust is a real estate investment trust that invests in real estate
properties used in the healthcare services industry, principally along the
East Coast of the United States.  Since commencing operations in January 1998,
the Company has acquired direct and indirect interests in 31 buildings and has
loans outstanding of $49 million in construction and term financing on eight
additional healthcare facilities.
    Certain matters discussed within this press release may be deemed to be
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995.  Although ElderTrust believes the expectations
reflected in such forward-looking statements are reasonable assumptions, it
can give no assurance that its expectations will be attained.  Factors that
could cause actual results to differ materially from ElderTrust's expectations
include real estate conditions, the Company's ability to refinance its
existing bank credit facility, which matures in 2001, changes in the economic
conditions and other risks detailed from time to time in the Company's SEC
reports and filings.  The Company assumes no obligation to update or
supplement forward-looking statements that become untrue because of subsequent
events.

    For more information on ElderTrust via fax at no charge, please
dial 1-800-PRO-INFO and enter ticker symbol ETT, or visit ElderTrust's Web
site at http://www.eldertrust.com .

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