Kevin J. Foley Joins the Board of Trustees of Correctional Properties Trust

Kevin J. Foley Joins the Board of Trustees of Correctional
Properties Trust 


PALM BEACH GARDENS, Fla., March 21  /PRNewswire-FirstCall/ -- Mr. Robert R.
Veach, Jr., Chairman of the Board of Trustees of Correctional Properties Trust
(NYSE:CPV), a real estate investment trust (REIT), today announced that Kevin
J. Foley was appointed to the Company's Board of Trustees, filling a Class I
trustee vacancy.  His appointment to the board as an independent trustee was
effective March 17, 2005, at which time he also was appointed to serve on the
Board's Independent and Investment Committees.  Mr. Foley will serve as a Class
I trustee with a term expiring at the Company's 2005 annual meeting of
shareholders.

Mr. Foley brings significant real estate and government knowledge to the
Company's board having served in the Reagan/Bush and Bush/Quayle
Administrations, and also the Bush/Cheney campaigns. He has been president of
The Foley Company, a firm specializing in real estate development and
investment since 1978.

In addition, Mr. Foley has served on the U.S. Congressional Awards Council and
the U.S. Service Academies Selection Committee. In Florida, he has served on
the boards of St. Mary's Hospital Foundation, the Children's Hospital at St.
Mary's, and the Treasure Coast Regional Planning Council. He has also served on
the Palm Beach County's Economic Council, Zoning Commission, and Criminal
Justice Commission.

Mr. Foley, a Marine Corps veteran of Vietnam, received a bachelor of science in
economics and management from the University of Dayton.

President and CEO Charles R. Jones stated, "Kevin has previously served as an
independent director of our subsidiary company, and I am pleased he has now
joined our Board of Trustees.  His extensive government and political
experience, along with his real estate and land-use expertise will be a
valuable resource to the Company."

Correctional Properties Trust, based in Palm Beach Gardens, Florida, was formed
in February 1998, to capitalize on the growing trend toward privatization in
the corrections industry.  Correctional Properties Trust is dedicated to
ownership of correctional facilities under long-term, triple-net leases, which
minimizes occupancy risk and development risk.

Correctional Properties Trust currently owns 12 correctional facilities in nine
states, all of which are leased, with an aggregate initial design capacity of
6,856 beds.

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 regarding future events
and future performance of the Company that involve risks and uncertainties that
could materially affect actual results. Such forward- looking statements are
made pursuant to the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995 and are qualified in their entirety by cautionary
statements and risk factors disclosure contained in certain of the Company's
Securities and Exchange Commission filings.  For a description of certain
factors that could cause actual results to vary from current expectations and
forward-looking statements contained in this press release, refer to documents
that the Company files from time to time with the Securities and Exchange
Commission.  Such filings include the Company's Form 10-K for the fiscal year
ended December 31, 2004 and subsequent periodic reports. The Company assumes no
obligation to update or supplement forward- looking statements that become
untrue because of subsequent events.

CONTACT: Correctional Properties Trust Shareholder Services [phone], or
access Company information at http://www.correctionalpropertiestrust.com/ 

DATASOURCE: Correctional Properties Trust



CONTACT:  Correctional Properties Trust Shareholder Services,

[phone]



Web site:  http://www.correctionalpropertiestrust.com/ 

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