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Strategies & Market Trends : Meditrust NYSE: MT -- Ignore unavailable to you. Want to Upgrade?

To: tom jones who wrote (18)	10/27/1998 11:10:00 AM
From: Johndee	Respond to of 233

Tom, I haven't seen any thing about Santa Anita, but I asked MT about the Div disappearing as someone on this thread mentioned. This was his answer. Doesn't seemed to have said anything. Johndee October 26, 1998 Mr. John D'Errico Via Email Dear Mr. D'Errico: Thank you for your recent email. During the past few months, The Meditrust Companies' Boards have been in the process of reviewing a modified investment and operating strategy for The Meditrust Companies and selecting an appropriate corporate structure through which to conduct the business activities of the Companies in response to the paired share REIT legislation. This process requires extensive analysis and evaluation of numerous alternatives, especially within the constraints of the current state of the capital markets. These ultimate decisions will become the basis for the future of Meditrust and its related growth opportunities. Until this process is completed, the Boards, Management, and its numerous advisors, including accountants, financial advisors and lawyers, will spend as much time as necessary analyzing and resolving these issues. Management recognizes its obligation to provide appropriate information regarding this process to its shareholders and investors, and will do so as soon as any decisions have been finalized. As always, we welcome the opinions of all Meditrust shareholders. We will be working hard to keep you informed as events progress. Sincerely, David F. Benson President

To: tom jones who wrote (18)	10/27/1998 11:58:00 AM
From: VivB	Read Replies (1) \| Respond to of 233

Sale of the Santa Anita Park is officially a "rumor" -- Stronach linked to track purchase ( The Toronto Star ) 10-22-1998 ARCADIA, Calif. - Canadian horse owner and businessman Frank Stronach is being mentioned, among others, as a potential buyer for Santa Anita Park. The Meditrust Companies, the real estate company that purchased Santa Anita less than a year ago for $388 million (U.S.), is reported considering selling the racetrack again. The Daily Racing Form listed Stronach, from Newmarket, along with Hollywood Park, the track in nearby Inglewood, as potential buyers. ''The company never comments on market rumours,'' Meditrust spokesperson Matt Sherman said yesterday from his New York office.... FROM NORMAN DaCOSTA AND STAR WIRES Copyright (c) 1998 Toronto Star, All Rights Reserved. Stronach linked to track purchase., The Toronto Star, 10-22-1998.

To: tom jones who wrote (18)	10/28/1998 6:53:00 PM
From: Patherzen	Respond to of 233

Meditrust to Sell Santa Anita Track for Loss, LA Times Says Los Angeles, Oct. 27 (Bloomberg) -- Meditrust Co., the largest health-care real estate investment trust in the U.S., is trying to sell the Santa Anita Park racetrack in Arcadia, California, although the company is likely to fetch only about $150 million, far less than the $458 million paid for Santa Anita Cos. less than a year ago, the Los Angeles Times reported, citing unnamed sources. Meditrust bought Santa Anita Cos. in part because of potential REIT-related tax advantages for future acquisitions, which subsequently were eliminated by Congress and reduced the company's value by about $200 million, according to the paper. Needham Heights, Massachusetts-based Meditrust is trying to pay down $500 million in debt through asset sales and a restructuring to be announced this week, the Times said. Shares of Meditrust, which diversified into the lodging and golf business by buying golf courses and La Quinta Inns, have fallen 53.6 percent this year.