GMH Communities Acquires Two Student Housing Properties in State College Pennsylvania

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Congressionally authorized since 1996, the Military Housing Privatization
Initiative allows the Department of Defense, and the Department of the Air
Force, to work with the private sector to upgrade the quality of family
housing and operate and maintain that housing . We are a self-advised, self-
managed, specialty housing company focused on providing housing to college and
university students residing off-campus and to members of the U.

pennsylvania force

It is a self-advised ,
self-managed specialty housing company focused on providing housing to college
and university students residing off-campus and to members of the U.
The new mortgage debt placed on Jacob Heights has a fixed interest rate of
5.com) is a publicly-traded
Maryland real estate investment trust (REIT).
GMH Communities also provides property management services to third party
owners of student housing properties, including colleges, universities, and
other private owners.

air universities

2 million.gmhcommunities .

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GMH Communities Trust Selected as the Highest Ranked Offeror By The Department Of The Air Force for 50-Year Military Housing Privatization Project at Four Base

According to Bruce Robinson, president of the Company's military housing
division, the project will bring with it immediate and noticeable improvements
to the housing at each base., providing construction services for the
project.S.

military
and their families residing on or near bases throughout the United States.

colleges university

gmhcommunities .S.

union reference

"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements in this press release that express the current beliefs and
expectations of our management are "forward-looking statements. Both properties
were acquired by the Company's student housing division, College Park
Communities, in January 2006. The proceeds from these financings will be used
to repay outstanding borrowings under the Company's revolving credit facility. The family housing assets are
typically leveraged with private investment to accomplish housing construction
and renovation goals faster and at a lower cost than military construction.

colleges force

Joseph M. Coyle, President of the Company's student housing division,
said, "This transaction clearly demonstrates our ability to execute upon our
focused business plan and further facilitate our targeted external growth
initiatives .

Forward-Looking Statements
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements in this press release that express the current beliefs and
expectations of our management are "forward-looking statements.

The
project is expected to have an initial development period with project costs
valued between $200 - $300 million, and cover between 2,000 to 2,900
end-state housing units. Throughout
the 50-year term of the project, the Company is expected to earn management,
construction/renovation and development fees, as well as equity returns on its
invested capital.

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4 million.

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NEWTOWN SQUARE, Pa.5% with a term of 10 years." These
forward -looking statements are subject to risks and uncertainties, including
the risk factors discussed in the Company's periodic reports as filed with the
Securities and Exchange Commission. Mr.

college education

Additionally , each property offers resort-style
amenities such as fitness centers, computer labs, swimming pools , jacuzzi,
tanning beds and furnished units.com) is a publicly traded
Maryland real estate investment trust (REIT).

, an architectural and engineering company, and with
Hensel Phelps Construction Co. These forward-looking
statements are subject to risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking statements,
including the Company 's ability to negotiate and agree upon final terms for
the project with the U.

maryland university

"
The properties are both located in proximity to the University's campus
and are of a high asset quality, consistent with the Company's student housing
portfolio characteristics.

GMH Communities Trust Places New Fixed -Rate Debt On Two Student Housing Properties

4% also with a term of 10 years. We are a self-advised ,
self-managed, specialty housing company focused on providing housing to
college and university students residing off-campus and to members of the U.

begin force

The properties consist of an aggregate of 400
units/1,436 beds and serve Pennsylvania State University in State College,
Pennsylvania. Department of the Air Force, the project's ability
to complete funding of the initial development period costs with private
sector debt, and the other risks and uncertainties related to the Company's
military housing business that are described in our periodic filings with the
Securities and Exchange Commission , including our most recent Annual Report on
Form 10-K and Quarterly Report on Form 10-Q.

colorado universities

GMH Communities Trust (http://www.S. GMH Communities also provides property management services to third-
party owners of student housing properties, including colleges, universities,
and other private owners. These risks and uncertainties could cause
our future results, performance or achievements to differ significantly from
the results, performance or achievements expressed or otherwise implied by
such forward-looking statements. The 50-year project term will involve the
development, management and construction of high-quality homes, the targeted
renovation of existing homes, and the addition of community enhancing
facilities and services. We plan on providing high
quality communities which the service members and their families at Altus,
Luke, Sheppard and Tyndall Air Forces Bases deserve.

athletics begin

force maryland

In addition, the Company has placed approximately $11.

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education begin

S. Department of the Air Force, Air Education and Training Command (AETC)
for the design, development, construction, renovation and management of family
military housing at Altus AFB, Luke AFB, Sheppard AFB and Tyndall AFB. The Company is based in Newtown Square, PA and employs
more than 1,350 people throughout the United States.

colorado pennsylvania

Looking ahead, we remain committed to supplementing our organic
growth through targeted acquisitions of high -quality student housing
properties.

colleges u

Forward-looking statements speak only as of
the date on which they are made, and we undertake no obligation to update
publicly or revise any of the forward-looking statements.

force education

, GMH Communities
Trust (NYSE: GCT) announced today that its student housing division , College
Park Communities, has acquired State College Park and Nittany Crossing, two
Class A student housing properties, for an aggregate purchase price of
approximately $38. These
properties bring the total number of student housing assets acquired by the
Company in 2005 to eight properties, with a combined value of approximately
$171. In addition, we understand the potential for these properties
extremely well because we have been managing Nittany and State College Park
since 1996. The Company , based in Newtown Square, PA, employs
more than 1,600 people throughout the United States.

education military

military residing at installations throughout the country." These
forward-looking statements are subject to risks and uncertainties that could
cause our future results, performance or achievements to differ significantly
from the results, performance or achievements expressed or otherwise implied
by such forward-looking statements., GMH Communities
Trust (NYSE: GCT) announced today that it has placed approximately
$3.
military and their families residing on or near bases throughout the United
States. The Company is utilizing its strategic alliances with The
Benham Companies, Inc .

maryland military

About GMH Communities Trust
GMH Communities Trust (http://www.

GMH Communities Trust (http://www.

academy universities

Nittany Crossing has an occupancy level of approximately 99% and
State College Park has an occupancy level of approximately 86%. Forward-looking statements speak only as
of the date on which they are made, and we undertake no obligation to update
publicly or revise any of the forward-looking statements. The debt on University Commons Norman has a
fixed interest rate of 5 . Robinson stated further, "We are extremely
honored to have been selected by the Air Force.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements in this press release regarding GMH Communities Trust's
business which are not historical facts are "forward-looking statements",
including the estimated project costs, initial development period terms and
number of end-state housing units for the project.

university college

GMH Communities
also provides property management services to third party owners of student
housing, including colleges, universities, and other private owners. First Air Force Project for the Company

NEWTOWN SQUARE , Pa.

academy air

College Park Management, LLC, the student
housing division of GMH Communities Trust that operates and manages on and off
campus student housing communities in 36 major college/university markets ,
will manage the properties. The
Company is based in Newtown Square, PA and employs more than 1,200 people
throughout the United States.9 million of fixed-rate mortgage indebtedness on Jacob Heights, a student
housing property located in Mankato, Minnesota serving Minnesota State
University .7 million
of fixed-rate mortgage indebtedness on University Commons Norman, a student
housing property serving the University of Oklahoma in Norman, Oklahoma.gmhcommunities.com) is a publicly-traded
Maryland real estate investment trust (REIT)., GMH Communities
Trust (NYSE: GCT), through its military housing division, has been selected as
the highest ranked offeror to participate in exclusive negotiations with the
U. The project represents the Company's first military
housing project with the Air Force and the ninth project overall to be
operated by the Company.
The $200 - $300 million in estimated costs for the project's initial
development period is anticipated to be financed with private sector debt, a
government direct loan and an equity investment from the Company .

This category contains links to athletic departments of colleges and universities whose names begin with 'U.

university college

Acquisitions Increase GMH Student Housing Portfolio to
38 Properties in 22 States with 7,136 Units/23,880 Beds

NEWTOWN SQUARE, Pa.

maryland colorado

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