An extended 20-year maturity date of October 2021 applies to $50million of the debt, with those notes carrying an 8.3% rate.

CP Limited Partnership, the operating partnership of Chateau,completed a private placement of $150 million of 7.125% seniorunsecured notes due in 2011. The net proceeds from the sale of thenotes were used to repay a portion of the outstanding balance undera short-term acquisition credit facility incurred in connectionwith Chateau's acquisition of CWS Communities, Inc. in August.

"Completion of this financing is in keeping with our commitmentto a conservative debt structure,'' says chief excutive officerGary McDaniel. ''We are pleased to have extended some of our debtto mature in 20 years. Chateau is in an excellent position toaccomplish our strategic goals going forward."

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