Care Investment Trust Inc. Announces Amendment to Warehouse Facility

Amendment to Warehouse Facility to Provide Care Increased Flexibility to
Access Additional Financing

NEW YORK, July 2 /PRNewswire-FirstCall/ -- Care Investment Trust Inc.
(NYSE: CRE) ("Care" or "Company"), today announced that it entered into an
amendment (the "Amendment") to its repurchase credit facility with Column
Financial, Inc. ("Column"), an affiliate of Credit Suisse Securities LLC.
The amendment:

o Eliminates all operator and geographic Concentration Tests for the
facility;

o Provides Care with the ability to obtain non-recourse financing
without Column's consent as long as such financing does not exceed a
loan-to-value ratio of 80%;

o Provides Care with the ability to obtain recourse financing without
Column's consent as long as such financing does not exceed a loan-to-value
ratio of 50%

F. Scott Kellman, President and Chief Executive Officer of Care,
stated, "This amendment provides Care significant additional flexibility
under its credit facility. We appreciate Credit Suisse's continued support
in helping Care achieve its strategic objectives."

The Amendment to the repurchase credit facility will provide Care with
greater liquidity along with greater flexibility to access additional
financing.

About Care Investment Trust

Care Investment Trust Inc. is a real estate investment and finance
company formed principally to invest in healthcare-related real estate and
commercial mortgage debt. Care 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, changes in Care's investment focus, funding
market, competitive and/or regulatory factors, among others, affecting Care
Investment Trust's businesses or the management or results of operations of
its acquired properties 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 Registration Statement on Form S-11 relating to its initial public
offering and its Annual Report on Form 10-K for the period ended December
31, 2007 and Quarterly Report on Form 10-Q for the period ended March 31,
2008. 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