Exhibit 1
AGREEMENT OF JOINT FILING
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934,
as amended, the undersigned hereby consent to the joint filing on their behalf
of a single Schedule 13D and any amendments thereto, with respect to the
beneficial ownership by each of the undersigned of shares of beneficial
interest, $.01 par value per share, of ElderTrust, a Maryland real estate
investment trust.
Dated: as of August 26, 2003
NORTH STAR PARTNERS, L.P.
By: NS Advisors, LLC, general partner
By: /s/Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx, manager
NS ADVISORS, LLC
By: /s/Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx, manager
/s/Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx, Individually
