GMH Communities Trust Completes the Acquisition of Student Housing Community Serving Valdosta State University in Valdosta, Georgia

GMH Communities Trust Completes the Acquisition of Student Housing Community Serving Valdosta State University in Valdosta, Georgia

NEWTOWN SQUARE, Pa., Sept. 1 /PRNewswire-FirstCall/ -- GMH Communities Trust (NYSE:GCT) today announced that its student housing division, College Park Communities, has acquired Blanton Common, a newly constructed 208 unit/608 bed Class A student housing apartment community located near the campus of Valdosta State University in Valdosta, Georgia. Blanton Common was acquired for a purchase price of approximately $25 million, which was drawn on the Company's line-of-credit.

The property is 100% leased and recently celebrated its grand opening for the 2005-2006 academic year. College Park Management, the student housing division of GMH Communities Trust that operates and manages on- and off-campus student housing communities, was responsible for leasing during the construction period and will continue to manage the property.

The property has garden-style units, comprised of private bedroom and private bathroom accommodations, and offers high-end amenities such as two clubhouses, swimming pool, lap pool, tennis, basketball and volleyball courts, computer lab, sundry store, game room, fitness center and tanning beds.

Joseph M. Coyle, president of Company's student housing division, said, "This acquisition is consistent with our strategy of acquiring high-quality, purpose-built properties in attractive, growing markets. We are very excited about the potential for Blanton Common. We were responsible for managing the lease-up of the property on behalf of the developer, and now have the opportunity to add it to our growing portfolio."

This latest acquisition brings the total of student housing properties purchased in 2005 to 21 operating properties and three land parcels for an aggregate purchase price of approximately $426.1 million.

GMH Communities Trust (http://www.gmhcommunities.com/) is a publicly traded Maryland real estate investment trust (REIT). 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.S. military residing at installations throughout the country. GMH Communities also provides property management services to third party owners of student housing, including colleges, universities, and other private owners. The Company, based in Newtown Square, PA, employs more than 1,400 people throughout the United States.

"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." 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. 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.

Source: GMH Communities Trust

CONTACT: Kathleen M. Grim of GMH Communities Trust, +1-610-355-8206,
kgrim@gmh-inc.com; or Media Contact, Kathleen Pallas of Beckerman Public
Relations, +1-908-781-6420, kathleen@beckermanpr.com; or Claire Koeneman,
Analyst Info, +1-312-640-6745, or Joe Calabrese, General, +1-212-827-3772,
both of Financial Relations Board

Web site: http://www.gmhcommunities.com/

-------
Profile: jene31