Chartwell Agrees to Sell Five Properties in New York

MISSISSAUGA, ONTARIO--(Marketwire - May 22, 2012) - Chartwell Seniors Housing Real Estate Investment Trust (TSX:CSH.UN) ("Chartwell") announced today that Bristal Holdings, LLC, a company jointly owned by Chartwell and affiliates of ING Real Estate Australia Pty ("ING") has entered into an agreement to sell a portfolio of five seniors living communities comprising 768 assisted living suites located in New York State (collectively the "Bristal Portfolio") to HSRE-EB I, LLC (the "Buyer"), an entity owned by affiliates of Harrison Street Real Estate Capital, LLC and The Engel Burman Group, an affiliate of the current manager of this portfolio. Chartwell currently owns a 50% interest in this portfolio.