Health Care REIT invests $702.5M in 3Q
Tue, 12 Oct 2010 12:22:29 GMT —
Health Care REIT Inc. said Monday that it has 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," said CEO George Chapman.
The company is scheduled to report its third-quarter financial results on Nov. 3.
Health Care REIT shares rose 13 cents to $48.84 on Monday.
The company recently moved in to it's new home at the former Dana Corp. headquarters on Dorr St. and Richards.
(The Associated Press contributed to this article.)