Windrose Medical Properties Trust Schedules Second Quarter 2004 Earnings Date

INDIANAPOLIS, July 14 /PRNewswire-FirstCall/ -- Windrose Medical Properties Trust , a self-managed specialty medical properties REIT, announced today that the Company is scheduled to release second quarter financial results for the period ended June 30, 2004 on Tuesday, August 3, 2004 before market Eastern Time. An accompanying conference call will be held on the same day at 2:00 p.m. Eastern Time (1:00 p.m. Central Time). During the call, management will discuss second quarter financial results and provide a business overview.

The conference call will be accessible by telephone and through the Internet. Telephone access is available by dialing (888) 841-5035 for domestic callers, and (973) 582-2830 for international callers. The reservation number for both is 4969148. Those interested in listening to the conference call should dial into the call approximately 10 minutes before the start time.

A live Web cast of the conference call will be available online at http://www.windrosempt.com/. Web participants are encouraged to go to the Web site at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. Listening to the Web cast requires speakers and RealPlayer(TM) software, downloadable free at http://www.real.com/. After the live Web cast, the call will remain available on Windrose Medical Properties Trust's Web site, http://www.windrosempt.com/, through September 1, 2004. In addition, a telephonic replay of the call will be available from August 3, 2004 - August 17, 2004. The replay dial-in numbers are (877) 519-4471 for domestic callers and (973) 341-3080 for international. Please use reservation code 4969148.

About Windrose

Windrose is a self-managed Real Estate Investment Trust (REIT) based in Indianapolis, Indiana with offices in Nashville, Tennesse. 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 constitute forward-looking statements. Such statements include, in particular, statements about our beliefs, expectations, plans and strategies that are not 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 lessees, 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: Windrose Medical Properties Trust Fred Farrar President and COO 317 860-8213 Investors/Media: The Ruth Group Stephanie Carrington/Greg Tiberend 646 536-7017/7005 scarrington@theruthgroup.comgtiberend@theruthgroup.com

Windrose Medical Properties Trust

CONTACT: Fred Farrar, President and COO of Windrose Medical PropertiesTrust, +1-317 860-8213; or Investors, Stephanie Carrington, +1-646-536-7017,or scarrington@theruthgroup.com, or Media, Greg Tiberend, +1-646-536-7005 orgtiberend@theruthgroup.com, both of The Ruth Group

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