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Walter J. Owens Resigns From Care Investment Trust Board

NEW YORK, Oct. 6 /PRNewswire-FirstCall/ — Care Investment Trust Inc.
(NYSE: CRE) (”Care”), a real estate investment and finance company
investing in healthcare-related real estate and commercial mortgage debt,
today announced that it has accepted the resignation of Walter J. Owens
from its Board of Directors. Coincident with his resignation as president
of CIT Corporate Finance, Mr. Owens stepped down from Care’s Board
effective October 3, 2008.

F. Scott Kellman, President and Chief Executive Officer of Care, said,
“We will miss Walter’s financial acumen and strong analytical perspective.
We wish him the best of luck in his new endeavors.”

About Care Investment Trust

Care Investment Trust Inc. is a real estate investment and finance
company investing in healthcare-related real estate and commercial mortgage
debt. It is externally managed and advised by CIT Healthcare LLC, a
wholly-owned subsidiary of CIT Group Inc.

Safe Harbor Statement

This release contains “forward-looking statements” within the meaning
of the Private Securities Litigation Reform Act of 1995. All
forward-looking statements (including statements regarding future financial
and operating results) involve risks, uncertainties and contingencies, many
of which are beyond Care Investment Trust’s control, which may cause actual
results, performance, or achievements to differ materially from anticipated
results, performance, or achievements. All statements contained in this
release that are not clearly historical in nature are forward-looking, and
the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” “target,”
and similar expressions are generally intended to identify forward-looking
statements. Economic, business, funding market, competitive and/or
regulatory factors, among others, affecting Care Investment Trust’s
businesses are examples of factors that could cause actual results to
differ materially from those described in the forward-looking statements in
addition to those factors specified in Care Investment Trust’s Annual
Report on Form 10-K for the year ended December 31, 2007. Care Investment
Trust is under no obligation to (and expressly disclaims any such
obligation to) update or alter its forward-looking statements, whether as a
result of new information, future events or otherwise.

For more information on the company, please visit the company’s website
at


http://www.carereit.com

See Also:

[Via Real Estate Newswire]

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