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.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.