Announces Appointment of D. Lee McCreary, Jr. as Acting President and Chief
Executive Officer and Second Quarter 1999 Earnings
KENNETT SQUARE, Pa., July 30 /PRNewswire/ -- ElderTrust (NYSE:ETT), an
equity healthcare REIT, today conducted a conference call to discuss the
appointment of D. Lee McCreary, Jr., Chief Financial Officer, to the
additional positions of acting President and Chief Executive Officer, and the
reporting of second quarter 1999 earnings with investors. A replay of this
call is available by calling:
Replay Number: 800-696-1588
Passcode: 578047
Time Period: Until 11:59 p.m. EST Friday, August 6, 1999
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
loaned $52 million in construction and term financing on 9 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 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, information determined in the course of due diligence
review, 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.
SOURCE ElderTrust
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Related links:
http://www.eldertrust.com
CONTACT:
D. Lee McCreary, Jr., Acting President, Chief
Executive Officer and Chief Financial Officer of ElderTrust,
610-925-4200
NOTE TO EDITORS: 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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