EXHIBIT 99.1

                    COBBLESTONE ANNOUNCES SALE TO MEDITRUST

FOR IMMEDIATE RELEASE


Del Mar, California; January 12, 1998.  Cobblestone Holdings, Inc., parent of 
Cobblestone Golf Group, Inc., ("Cobblestone") announced that it has reached a 
definitive merger agreement to be acquired by The Meditrust Companies 
("Meditrust") (NYSE:MT) for Meditrust stock valued at approximately $241 
million.  In addition, under the terms of the agreement, approximately $154 
million of Cobblestone debt and associated costs will be either refinanced or
assumed as a condition of closing.  Cobblestone was formed in October 1992 by
Brentwood Associates, a Los Angeles-based private equity investment firm, and
CEO James A. (Bob) Husband.  Cobblestone is one of the leading golf course
owners and operators in the United States.  The company's portfolio includes 25
facilities with 29 courses located in Arizona, California, Florida, Georgia,
Texas and Virginia.  Meditrust is a paired share real estate investment trust
and the nation's largest health care real estate investment trust.  Meditrust
has investments in over 500 health care facilities in 41 states with 38
different operators and has a total market capitalization in excess of $4.5
billion.  The acquisition is expected to close by the end of February.

In the consolidating golf course industry, Cobblestone has been one of the most 
aggressive acquirers of golf facilities during its five years of existence, 
completing 22 acquisitions.  The strategy is representative of the investment 
philosophy of Brentwood Associates, which focuses on industry consolidations 
also known as growth build-ups.  Brentwood has formed build-up companies in a 
variety of other industries including equipment rental, cellular telephone 
service, trade magazine publishing, promotional marketing and movie theaters.

Abraham D. Gosman, chairman of Meditrust, said, "With this outstanding 
management team and company, we gain an excellent platform upon which to speed 
the rapid consolidation of this sector.  Cobblestone will provide the core of a 
number of golf-related acquisitions that we have planned in this extremely 
fragmented industry."

"Cobblestone has developed a national presence in the golf course industry
through a disciplined acquisition program and dramatic course-level operating
improvements of acquired courses," said Mr. Husband. "With the expanded access
to capital that this transaction provides, we intend to accelerate our growth
strategy while maintaining our commitment to providing a high quality golf
experience for our members and customers."

David H. Wong, a general partner at Brentwood Associates, noted, "We believe 
Cobblestone is an excellent example of the partnership of capital and management
successfully generating fundamental value creation through acquisitions and 
internal growth.  We are very pleased with the outstanding returns produced by 
this investment for our limited partners and we are delighted to be receiving 
Meditrust stock in this transaction.   Furthermore, with this transaction 
we believe we have provided Cobblestone a partner with the resources to achieve 
management's goal of becoming the leading owner/operator of golf courses in the 
United States."
- --------------------------------------------------------------------------------
Contacts:    Stefan Karnavas, Chief Financial Officer
             Cobblestone Golf Group, Inc. (619) 794-2602

             David H. Wong, General Partner
             Brentwood Associates (310) 477-6611