Chartwell Announces Termination of the Agreement to Sell Six

Chartwell Announces Termination of the Agreement to Sell Six of Its
U.S. Properties 
MISSISSAUGA, ONTARIO -- (Marketwire) -- 12/19/12 -- Chartwell Seniors
Housing Real Estate Investment Trust (TSX:CSH.UN) ("Chartwell")
announced today that the previously announced agreement to sell its
100% ownership in six U.S. properties aggregating 1,221 independent
living suites located in Michigan, Tennessee, Oklahoma, Alabama and
Ohio (the "Agreement") to Harvest Facility Holdings LP, a
wholly-owned subsidiary of Fortress Investment Group LLC (the
"Purchaser") has been terminated by the Purchaser. Chartwell will
continue to own these high quality properties, which will remain
under the management of Brookdale Senior Living. 
"We are disappointed that this transaction will not proceed to
closing, but remain focused on the operation of these properties
until we are able to execute our strategic plan to narrow our
footprint in the U.S. to concentrate on our key markets of Colorado,
Texas and Florida," commented Brent Binions, President and CEO. 
About Chartwell 
Chartwell is a real estate investment trust which indirectly owns and
operates a complete range of seniors housing communities from
independent supportive living through assisted living to long term
care. It is one of the largest participants in the seniors housing
business in North America. Chartwell's aim is to capitalize on the
strong demographic trends present in its markets to maximize the
value of its existing portfolio of seniors housing communities, and
prudently avail itself of opportunities to grow internally and
through accretive acquisitions. 
Chartwell's Distribution Reinvestment Plan ("DRIP") allows
Unitholders to have their monthly cash distributions used to purchase
units without incurring commission or brokerage fees, and receive
bonus units equal to 3% of their monthly cash distributions. More
information can be obtained at www.chartwellreit.ca. 
Forward-Looking Information 
This press release contains forward-looking information that reflects
the current expectations, estimates and projections of management
about the future results, performance, achievements, prospects or
opportunities for Chartwell and the seniors housing industry. The
words "plans", "expects", "does not expect", "is expected", 
"budget",
"scheduled", "estimates", "intends", "anticipates", "does not
anticipate", "projects", "believes" or variations of such words and
phrases or statements to the effect that certain actions, events or
results "may", "will", "could", "would", "might", "occur", "be
achieved" or "continue" and similar expressions identify
forward-looking statements. Forward-looking statements are based upon
a number of assumptions and are subject to a number of known and
unknown risks and uncertainties, many of which are beyond our
control, and that could cause actual results to differ materially
from those that are disclosed in or implied by such forward-looking
statements. 
While we anticipate that subsequent events and developments may cause
our views to change, we do not intend to update this forward-looking
information, except as required by applicable securities laws. This
forward-looking information represents our views as of the date of
this press release and such information should not be relied upon as
representing our views as of any date subsequent to the date of this
document. We have attempted to identify important factors that could
cause actual results, performance or achievements to vary from those
current expectations or estimated expressed or implied by the
forward-looking information. However, there may be other factors that
cause results, performance or achievements not to be as expected or
estimated and that could cause actual results, performance or
achievements to differ materially from current expectations. There
can be no assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ materially
from those expected or estimated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
information. These factors are not intended to represent a complete
list of the factors that could affect us. See "Risks and
Uncertainties" in the MD&A, and risk factors highlighted in materials
filed with the securities regulatory authorities in Canada from time
to time, including but not limited to our most recent Annual
Information Form.
Contacts:
Chartwell Seniors Housing Real Estate Investment Trust
Vlad Volodarski
Chief Financial Officer
(905) 501-4709
(905) 501-4710 (FAX)
vvolodarski@chartwellreit.ca
www.chartwellreit.ca
 
 
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