Monday, Aug 29, 2016
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Health Care REIT raises $101 million

Health Care REIT Inc. said yesterday it has raised more than $101 million to invest in more properties with the sale of 3 million shares of stock, based on Wednesday's closing price of $35 a share.

The Toledo real estate investment trust said it may use the proceeds to repay loans. The firm, whicht invests in health care and senior housing properties, had investments in 426 facilities in 37 states valued at $2.7 billion at the end of September.

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