WRS Westar Energy Westar Energy First Mortgage Bonds 6.10% Series Due May 15, 2047

INDIANAPOLIS, June 2 /PRNewswire-FirstCall/ -- Windrose Medical Properties Trust (NYSE:WRS), a self-managed specialty medical properties real estate investment trust (REIT), announced today that it has acquired five medical office buildings for an aggregate consideration of $29.4 million. Windrose acquired the properties through an $18 million loan from Charter Bank, with the balance paid in cash or drawn from Windrose's Line of Credit with Huntington National Bank. The properties represent more than 334,400 rentable square feet, and all were affiliated with the Baptist Health System of Birmingham, AL. Baptist Health System was represented by Shattuck Hammond Partners throughout the transaction. A description of each of the properties is provided below: * Baptist Princeton Professional Office Building 1 -- The eight-story medical office building is located on the campus of the Baptist Princeton Medical Center and contains 66,108 rentable square feet. The property contains an additional 7,280 square feet of condominium space that is owned by Baptist physicians. * Baptist Princeton Professional Office Building 2 -- The five-story medical office building is located on the campus of the Baptist Princeton Medical Center and contains 57,629 rentable square feet. The property contains an additional 15,618 square feet of condominium space that is owned by Baptist physicians. * Baptist Princeton Professional Office Building 3 -- The five-story medical office building is located on the campus of the Baptist Princeton Medical Center and contains 127,149 rentable square feet. * Baptist Health Center Cahaba Valley -- The two-story medical office building is located along the Cahaba Valley Parkway within the Cahaba Valley Business Park. The facility contains 25,984 rentable square feet. * Baptist Health Center Trussville Clinic -- The two-story medical office building is located along the east margin of Valley Road, near Interstate 59 and Chalkville Mountain Road. The facility contains 23,270 rentable square feet. In addition to acquiring the five medical office buildings, Windrose will be self-developing an estimated 60,000 square foot medical office building on the Citizens Baptist Medical Center campus in Talladega, AL. Development activities will be handled through Windrose's subsidiary, Hospital Affiliates Development Corporation (HADC). "With the acquisition of these five properties and the development of a sixth, these transactions demonstrate our unique capabilities in developing, acquiring, owning, and managing medical properties," said Fred S. Klipsch, Chairman and Chief Executive Officer. "We have also begun a significant relationship with the Baptist Health System, the largest health system in Alabama, which further strengthens our presence in the Southeast." "We are very pleased to have reached this agreement with Windrose. Our goal was to identify a company that shares our commitment of providing outstanding physician office space on our hospitals' campuses, as well as quality space for our Baptist Health Center physicians," said Doug Davenport, Baptist Health System Senior Vice President and CFO. "We see this transaction as a continuation of that commitment and one that is consistent with the goals of Windrose." About Windrose Windrose is a self-managed Real Estate Investment Trust (REIT) based in Indianapolis, Indiana with offices in Nashville, Tennessee. Windrose was formed to acquire, selectively develop and manage specialty medical properties, such as medical office buildings, outpatient treatment diagnostic facilities, physician group practice clinics, ambulatory surgery centers, specialty hospitals, outpatient treatment centers and other healthcare related specialty properties. Safe Harbor Some of the statements in this news release constitute forward-looking statements. Such statements include, in particular, statements about our beliefs, expectations, plans and strategies that are not historical facts, and statements related to the development of a medical office building. You should not rely on our forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties, assumptions and changes in circumstances, many of which are beyond our control, which may cause our actual results to differ significantly from those expressed in any forward- looking statement. The factors that could cause actual results to differ materially from current expectations include difficulties incurred in connection with developing the medical office building, financial performance and condition of our tenants, adverse changes in healthcare laws, changes in economic and general business conditions, competition for specialty medical properties, our ability to finance our operations, regulatory conditions, and other factors described from time to time in filings we make with the Securities and Exchange Commission. The forward-looking statements contained herein represent our judgment as of the date hereof and we caution readers not to place undue reliance on such statements. We do not undertake to publicly update or revise any forward-looking statement whether as a result of new information, future events or otherwise. Contact: Investors / Media: Windrose Medical Properties Trust The Ruth Group Fred Farrar Stephanie Carrington / Jason Rando President and COO 646 536-7017 / 7025 317 860-8213 DATASOURCE: Windrose Medical Properties Trust CONTACT: Fred Farrar, President and COO of Windrose Medical Properties Trust, +1-317-860-8213; or Investors / Media: Stephanie Carrington, +1-646-536-7017, , or Jason Rando, +1-646-536-7025, , both of The Ruth Group Web site: http://www.windrosempt.com/

Copyright