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Published: Monday, 10/11/2010

Health Care REIT posts investments of $702M


Toledo's Health Care REIT Inc. said Monday that it invested $702.5 million on senior housing, medical office buildings, and other properties and projects in the third quarter.

The real estate investment trust has made gross investments totaling $1.6 billion so far this year and anticipates exceeding the $2 billion mark for the full year.

“Our robust investment pipeline, which currently exceeds $5 billion, further demonstrates the success of our platform and relationship-based investment approach,” Chief Executive Officer George Chapman said. Health Care Reit will report its third-quarter financial results on Nov. 3.

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