BETHESDA, MD— Crestline Capital Corporation said its shareholders have approved the sale of the company’s senior living business. The sale was approved by approximately 80% of the company’s shares outstanding and entitled to vote at the special meeting of shareholders held Dec. 13. The affirmative vote of at least two-thirds of all votes entitled to be cast was required to approve the proposed sale of its 31 senior living communities to Senior Housing Properties Trust. The company anticipates the closing will occur in January 2002. Crestline Capital Corporation is the parent company of Crestline Hotels & Resorts, among the nations leading independent hotel management companies, and is the owner of one of the nations premier senior living community and hotel portfolios.