Windrose Medical Properties Trust Completes Permanent Financing for Houston Hospital and Medical Office Building

INDIANAPOLIS, April 4  /PRNewswire-FirstCall/ -- Windrose Medical Properties Trust (NYSE:WRS), a self-managed specialty medical properties REIT, announced today that through subsidiaries it has secured two new loans totaling $36.0 million with Charter One Bank, N.A. to provide permanent financing for the Foundation Surgical Hospital and the Foundation Medical Tower each located in Bellaire, Texas.  These facilities replace two secured construction loans made in September 2004 and December 2004.

The new loans require interest only payments until October 5, 2006 and then will require regularly scheduled payments of principal and interest.  The principal payments will be amortized over a 25 year period, with the balance due at maturity on March 27, 2011.  Currently, these loans bear interest at LIBOR plus 1.40%.  Separately, Windrose entered into an interest rate hedge that fixes the interest rate on each of the new loans at 5.20% for the period beginning on September 5, 2006 through maturity.  The new loan for Foundation Medical Tower is non-recourse while the new loan for Foundation Surgical Hospital is guaranteed by Windrose.

Fred S. Klipsch, Chairman and Chief Executive Officer, stated, "We are pleased to secure these two loans that have a lower interest rate and effectively reduce our borrowing costs.  Through the interest rate hedge, we were able to attractively fix the interest rate.  These two HADC-developed properties were completed in December 2005 and represent what we expect to be solid revenue generators."

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, including those relating to revenues associated with Foundation Surgical Hospital and Foundation Medical Tower, constitute forward-looking statements.  Such statements include statements about our beliefs, expectations, plans and strategies, and are not based upon historical facts.  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, 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, the availability of additional acquisitions, 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, [phone]; or Investors/Media, Stephanie Carrington,

+1-  -646-536-7017, , or Jason Rando,

+1-  -646-536-7025, , both of The Ruth Group, for

Windrose

Medical Properties Trust

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