National Health Realty, Inc., (AMEX:NHR), a real estate investment trust, said today that it is in full compliance with the American Stock Exchange board of directors composition requirements as set forth in Section 121A of the AMEX Company Guide. In January, NHR was notified by the AMEX that it did not have a majority of independent directors serving on its board. NHR corrected the issue by placing Richard LaRoche on the proxy ballot at its annual meeting on May 3. LaRoche was elected to the board by an overwhelming majority vote of NHR shareholders. In addition, during his first board of directors meeting on May 9, the board found that newly elected director LaRoche, meets the American Stock Exchange requirements of an independent director. NHR owns the real property of 16 skilled nursing facilities, six assisted living centers and one retirement center. NHR also owns first and second mortgage notes totaling $13.5 million. These notes are secured by operating skilled nursing facilities and other health care properties. Additional information including NHR's most recent press releases may be obtained on NHR's web site at www.nationalhealthrealty.com. The company trades on the American Stock Exchange with the symbol NHR. Statements in this press release that are not historical facts are forward-looking statements. NHR cautions investors that any forward-looking statements made involve risks and uncertainties and are not guarantees of future performance. All forward-looking statements represent NHR's best judgment as of the date of this release.
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