GREENWOOD VILLAGE, Colo.--Nov. 18, 2002--Chateau Communities, Inc. (NYSE:CPJ), the largest owner and operator of manufactured home communities in the U.S., today announced the appointment of D. Keith Cobb as a director of the Company and member of its audit committee effective immediately. Mr. Cobb currently serves as a business consultant and strategic advisor to public companies, focusing on corporate restructuring and strategic business unit divestitures. He has served on the board of directors of companies in a variety of industries, including financing and insurance. Mr. Cobb was Vice Chairman and Chief Executive Officer of Alamo Rent A Car, Inc. prior to its sale to AutoNation in 1996. Before his association with Alamo, Mr. Cobb held several senior leadership positions over a 32-year career at KPMG, most recently as National Managing Partner - Financial Services.
Headquartered in Greenwood Village, Colorado, Chateau Communities is a fully integrated, self-administered real estate investment trust (REIT), and the largest owner and operator of manufactured home communities in the U.S. Its portfolio consists of 205 communities, with an aggregate of approximately 68,500 residential homesites and 1,400 park model/RV sites, and 37 managed communities with approximately 8,100 sites. In addition, the Company owns 12 greenfield development communities with approximately 6,100 sites when fully developed. Chateau Communities operates in 36 states.
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CONTACT: Chateau Communities Tamara D. Fischer, 303/874-3334
